Total imports of goods for the period January-November 2022 were €10,403.2 million compared to €7,928.1 million for the period January-November 2021, an increase of 31.2%. Total goods exports for the January-November 2022 period were €3,587.1 million compared to €3,022.0 million for the same period in 2021, an increase of 18.7%. The trade deficit was €6,816.1 million for the January-November 2022 period compared to €4,906.1 million for the same period in 2021.
The European Union was the main source of supply of goods to Cyprus with a share of €6,275.8 million of total imports, while imports from other European countries were €966.8 million in the January-November 2022 period. Imports from the rest of the world were €3,160.6 million. Exports to the European Union amounted to €1,000.1 million, while exports to the rest of the European countries were €358.1 million in the period January-November 2022. Exports to the rest of the world were €2,228.9 million.
Detailed data by product, trading partner, value and quantity are included in the monthly electronic publication "Statistics of Intra-EU Trade and Trade with Third Countries (by commodity and country)" for the period January-November 2022, which is available free of charge on the website of the Statistical Office.
METHODOLOGICAL INFORMATION
Statistical Value
Statistical value is the value of goods at the time and place where the goods cross the borders of Cyprus.
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:
Statistics Finland's Portal, under Foreign Trade
Contact
Ioanna Leontiou: No. Tel. Διεύθυνση: ileontiou@cystat.mof.gov.cy
Ελίνα Τουμπακή: No. Tel. Διεύθυνση: etoumbaki@cystat.mof.gov.cy
(MΧ/ΣΧ)
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