The Statistical Service of Cyprus announced the release of final data on the foreign trade of Cyprus, for May 2022 and of provisional data for June 2022.
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The main developments in the foreign trade of Cyprus in May 2022 were:
• Total imports of goods (from EU Member States and from third countries) amounted to €1.152,8 mn in May 2022 as compared to €668,1 mn in May 2021, recording an increase of 72,5%.
• Exports of domestically produced products, including stores and provisions, in May 2022 were €209,3 mn as compared to €125,6 mn in May 2021, recording an increase of 66,6%.
Domestic exports of industrial products in May 2022 were €195,5 mn compared to €111,7 mn in May 2021, whilst domestic exports of agricultural products in May 2022 were €12,9 mn compared to €12,3 mn in May 2021.
• Exports of foreign products, including stores and provisions, in May 2022 were €210,0 mn as compared to €101,7 mn in May 2021, recording an increase of 106,5%.
On the basis of provisional data, the main developments in the foreign trade of Cyprus in June 2022 can be summarized as follows:
• Total imports of goods were €1.195,5 mn as compared to €765,7 mn in June 2021, recording an increase of 56,1%. Imports from other EU Member States in June 2022 were €570,9 mn and from third countries €624,6 mn, compared to €486,2 mn and €279,5 mn respectively in June 2021.
Imports in June 2022 include the transfer of economic ownership of mobile transport equipment (vessels and aircrafts), with total value of €364,9 mn as compared to €113,4 mn in June 2021.
• Total exports of goods in June 2022 were €292,1 mn as compared to €296,6 mn in June 2021, recording a decrease of 1,5%. Exports to other EU Member States in June 2022 were €105,7 mn and to third countries €186,4 mn, compared to €84,2 mn and €212,4 mn respectively in June 2021.
Exports in June 2022 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €39,3 mn as compared to €80,5 mn in June 2021.
• Total imports of goods (from EU Member States and from third countries) in January – June 2022 amounted to €5.664,3 mn as compared to €4.059,9 mn in January – June 2021, recording an increase of 39,5%.
Total exports of goods (to EU Member States and to third countries) in January – June 2022 were €1.803,8 mn compared to €1.325,0 mn in January – June 2021, registering an increase of 36,1%.
The trade deficit was €3.860,6 mn in January – June 2022 compared to €2.734,9 mn in the corresponding period of 2021. ■