Press Releases

The Statistical Service of Cyprus announces the release of final data on the foreign trade of Cyprus for February 2022 and of provisional data for March 2022.

FOREIGN TRADE STATISTICS, FEBRUARY 2022

The main developments in the foreign trade of Cyprus in February 2022 were:

(a)           Total imports of goods (from EU member states and from third countries) amounted to €727,6 mn in February 2022 as compared to €744,2 mn in February 2021, recording a decrease of 2,2%.

(b)           Exports of domestically produced products, including stores and provisions, in February 2022 were €151,3 mn as compared to €110,2 mn in February 2021, recording an increase of 37,3%. Domestic exports of industrial products in February 2022 were €142,1 mn compared to €102,1 mn in February 2021, whilst domestic exports of agricultural products in February 2022 were €8,1 mn compared to €6,9 mn in February 2021.

(c)            Exports of foreign products, including stores and provisions, in February 2022 were €147,3 mn as compared to €69,2 mn in February 2021, recording an increase of 112,9%.

The data are included in the monthly electronic publication “Intra & Extra EU Trade Statistics (Summarised Data)” for February 2022, which is available free of charge οn the CYSTAT portal, under the section “Publications” in the statistical theme External Trade.

FOREIGN TRADE STATISTICS, MARCH 2022

On the basis of provisional data, the main developments in the foreign trade of Cyprus in March 2022 can be summarized as follows:

(a)                 Total imports of goods were €998,1 mn as compared to €596,5 mn in March 2021, recording an increase of 67,3%. Imports from other EU member states in March 2022 were €594,7 mn and from third countries €403,5 mn, compared to €413,5 mn and €183,0 mn respectively in March 2021. Imports in March 2022 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €159,2 mn as compared to €27,7 mn in March 2021.

(b)                 Total exports of goods in March 2022 were €268,6 mn as compared to €223,4 mn in March 2021, recording an increase of 20,3%. Exports to other EU member states in March 2022 were €82,6 mn and to third countries €186,0 mn, compared to €70,2 mn and €153,1 mn respectively in March 2021. Exports in March 2022 include the transfer of economic ownership of mobile transport equipment (vessels and aircrafts), with total value of €29,9 mn as compared to €45,4 mn in March 2021.

(c)            Total imports of goods (from EU member states and from third countries) in January – March 2022 amounted to €2.474,2 mn as compared to €1.931,3 mn in January – March 2021, recording an increase of 28,1%. Total exports of goods (to EU member states and to third countries) in January – March 2022 were €789,7 mn compared to €559,0 mn in January – March 2021, registering an increase of 41,3%. The trade deficit was €1.684,5 mn in January – March 2022 compared to €1.372,3 mn in the corresponding period of 2021.

For more information:

CYSTAT Portal, subtheme External Trade

CYSTAT-DB (Online Database)

Predefined Tables (Excel)

Publications

(MG/IK)