Annual Change in January, +127.4% in Imports and +41.4% in Exports
January 2023, Preliminary Data:
Total imports of goods in January 2023 were €1.707.8 million compared to €751.2 million in January 2022, recording an increase of 127.4%. Imports from other EU member states were €501.5 million and from third countries €1,206.3 million, compared with €525.8 million and €225.4 million respectively in January 2022. Imports in January 2023 included the transfer of economic ownership of mobile transport equipment (ships), worth €926.1 million compared with €73.7 million in January 2022.
Total exports of goods in January 2023 were €314.4 million compared with €222.4 million in January 2022, an increase of 41.4%. Exports to other EU member states were €68.1 million and to third countries €246.3 million, compared to €70.7 million and €151.7 million respectively in January 2022. Exports in January 2023 include the transfer of economic ownership of mobile transport equipment (ships), totalling €106.9 million compared to €63.7 million in January 2022.
December 2022, Final Data:
Total imports of goods were €808.5 million in December 2022 compared to €723.6 million in December 2021, an increase of 11.7%.
Exports of domestically produced goods, including ship and aircraft supplies, for December 2022 were €103.0 million compared to €101.2 million in December 2021, recording an increase of 1.8%. The value of exports of manufactured goods for December 2022 was €94.8 million compared to €92.7 million in December 2021, while the value of exports of agricultural products for December 2022 was €7.3 million compared to €7.1 million in December 2021.
Foreign merchandise exports, including ship and aircraft supplies, for December 2022 were €487.1 million compared to €250.1 million in December 2021, an increase of 94.8%.
Foreign merchandise exports, including ship and aircraft supplies, for December 2022 were €487.1 million compared to €250.1 million in December 2021.
Table
| Year and Month |
[TD]
Total Imports €000's
[/TD] [TD]Total Exports €000's
[/TD] [/TD][TR] [TD]
2023
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]January
[/TD] [TD]1.707,781
[/TD] [TD]314.444
[/TD] [/TR] [TR] [TD]2022
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]December
[/TD] [TD]808.474
[/TD] [TD]590,039
[/TD] [/TR] [TR] [TD]November
[/TD] [TD]1.008.768
[/TD] [TD]345.186
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]931.164
[/TD] [TD]417.172
[/TD] [/TR] [TR] [TD]September
[/TD] [TD]869.426
[/TD] [TD]287,744
[/TD] [/TR] [TR] [TD]August
[/TD] [TD]963.215
[/TD] [TD]268.201
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]1.034.170
[/TD] [TD]425.272
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]1,203,970
[/TD] [TD]293,641
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]1.165.742
[/TD] [TD]435.116
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]838.640
[/TD] [TD]279.026
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]978.975
[/TD] [TD]324.377
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]736,253
[/TD] [TD]300.875
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]751,170
[/TD] [TD]222,399
[/TD] [/TR]
Note: Data for the year 2022 have been revised. January 2023 data are preliminary.
Statistical Value:
The statistical value is the value of goods at the time and place where the goods cross the borders of Cyprus.
Domestic and Foreign Manufactured Goods:
Domestic manufactured goods are goods that are wholly produced in Cyprus or goods that were produced in another country but the last economically substantial processing or working took place within Cyprus that led to the manufacture of a new product or represents an important stage in the manufacturing process. Goods which were originally imported and have undergone a repair or other non-substantial process which does not substantially change them are not defined as domestic.
Foreign goods are goods which were produced in a country other than Cyprus and derived goods which have undergone substantial processing in a country other than Cyprus which gave them origin in that country.
Trading Partner:
Intra-EU exports
and exports to third countries
are compiled on the basis of the EU Member State and the country of final destination respectively, i.e. the last country to which, at the time of export, the goods are known to be shipped.
The trading partner for imports from third countries is the country of origin of the goods, i.e. the country in which the goods are wholly produced. A good, the production of which involves two or more countries, originates in the country in which the last economically substantial processing or working leading to the manufacture of a new product took place or represents a significant stage in the manufacturing process.
The trading partner for intra-Community imports is the Member State of origin of the goods.
The United Kingdom is included in trade with third countries. Imports from the United Kingdom shall be recorded on the basis of country of origin until 31 December 2020. From January 2021 onwards, for trade with Northern Ireland, imports shall be recorded on the basis of country of origin and for trade with the United Kingdom (excluding Northern Ireland) imports shall be recorded on the basis of country of origin. For these reasons, import statistics from the United Kingdom are not fully comparable with those from other third countries, for periods before and after the end of 2020.
For more information:
Statistical Office Portal, under Foreign Trade
CYSTAT-DB (Database)
Predefined Tables (Excel)
Contact. tel: +357 22 602214, tel. address: etoumbaki@cystat.mof.gov.cy
(MB/EXP)
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
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