Annual Change in February +3.5% in Imports and -23.2% in Exports
February 2023, Preliminary Data
Total imports of goods in February 2023 were €762.0 million. (p.b) In February 2023, total imports of 2323 were €762.2 million, compared to €736.3 million in February 2022, an increase of 3.5%. Imports from other EU Member States were €527.1 million and imports from third countries were €234.9 million, compared with €461.4 million and €274.8 million respectively in February 2022. Imports in February 2023 included the transfer of economic ownership of mobile transport equipment (ships), worth €56.8 million compared with €64.5 million in February 2022.
Total exports of goods in February 2023 were €231.1 million compared with €300.9 million in February 2022, a decrease of 23.2%. Exports to other EU member states were €62.7 million and to third countries €168.3 million, compared with €68.8 million and €232.1 million respectively in February 2022. Exports in February 2023 included the transfer of economic ownership of mobile transport equipment (ships), worth €60.2 million, compared with €70.6 million in February 2022.
Total imports of goods for January-February 2023 were €2,474.3 million, compared with €1,487.4 million for January-February 2022, an increase of 66.3%. Total exports of goods for the January-February 2023 period were €546.6 million compared to €523.3 million for the January-February 2022 period, an increase of 4.5%. The trade deficit was €1,927.7 million in January-February 2023 compared with €964.1 million in January-February 2022.
January 2023, Final data.
Exports of domestically produced goods, including ship and aircraft supplies, for January 2023 were €140.1 million compared to €101.3 million in January 2022, an increase of 127.9%.
Exports of domestically produced goods, including ship and aircraft supplies, for January 2023 were €140.1 million compared to €101.3 million in January 2022, an increase of 38.3%.
Exports of domestically produced goods, including ship and aircraft supplies, for January 2023 were €140.1 million, an increase of 38.3%. The value of industrial exports for January 2023 was €132.0 million compared to €93.5 million in January 2022, while the value of agricultural exports for January 2023 was €7.3 million.
Foreign merchandise exports, including ship and aircraft supplies, for January 2023 were €175.5 million compared to €121.1 million in January 2022, an increase of 44.9%.
Foreign merchandise exports, including ship and aircraft supplies, for January 2023 were €175.5 million compared to €121.1 million in January 2022.
| Table |
[TR] [TD]
Year and Month
[/TD] [TD]Total Imports
[/TD] [TD]Total Exports
[/TD] [/TD] [/TR] [TR] [TD]€000's
[/TD] [TD]€000's
[/TD] [/TR] [TR] [TD]
2023
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]February
[/TD] [TD]762.000
[/TD] [TD]231,071
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]1,712,300
[/TD] [TD]315.554
[/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: January 2023 figures have been revised. February 2023 data are preliminary.
Methodological Information
Statistical Value:
Statistical value is the value of goods at the time and place where the goods cross the borders of Cyprus.
Domestically Produced and Foreign Goods:
Domestically produced 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 in 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.
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-EU 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 are recorded on the basis of country of origin until 31 December 2020. From January 2021 onwards, for trade with Northern Ireland, imports are recorded on the basis of country of origin and for trade with the United Kingdom (excluding Northern Ireland), imports are 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:
Statistics Service Portal, under External Trade
CYSTAT-DB (Database)
Predefined Tables (Excel)
The Predefined Tables in Excel format include data up to December 2022. For January 2023 and thereafter, updates are made only to the CYSTAT-DB Database. Contact:
Ioanna Leontiou - tel. no.: +357 22 605122, email: ileontiou@cystat.mof.gov.cy [/U] Elina Toubaki - tel. no.: +357 22 602214, email: ileontiou@cystat.mof.gov.cy Elina Toubaki - tel. address: etoumbaki@cystat.mof.gov.cy
(MB/SX)
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
Source
Source
