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August 2023, Preliminary Data
Total imports of goods in August 2023 were €1,083.6 million compared to €973.9 million in August 2022, an increase of 11.3%. Imports from other EU Member States were €608.3 million and from third countries €475.4 million compared to €628.2 million and €345.7 million respectively in August 2022. Imports in August 2023 included the transfer of economic ownership of mobile transport equipment, worth €170.3 million compared with €89.2 million in August 2022.
Total exports of goods in August 2023 were €414.3 million compared with €269.6 million in August 2022, an increase of 53.7%. Exports to other EU Member States were €72.0 million and to third countries €342.3 million, compared with €79.9 million and €189.8 million respectively in August 2022. Exports in August 2023 included the transfer of economic ownership of mobile transport equipment, worth €109.5 million, compared with €33.4 million in August 2022.
Total imports of goods for January-August 2023 were €8,610.2 million, compared with €7,778.1 million for January-August 2022, an increase of 10.7%. Total exports of goods for the period January-August 2023 were €2,773.6 million compared to €2,561.7 million for the period January-August 2022, an increase of 8.3%. The trade deficit was €5,836.6 million in January-August 2023 compared to €5,216.4 million in January-August 2022.
July 2023, Final Data
Total imports of goods were €1,079.8 million in July 2023 compared to €1,079.8 million in July 2022.045.5 million in July 2022, an increase of 3.3%.
Exports of domestically produced goods, including ship and aircraft supplies, for July 2023 were €227.3 million compared to €173.9 million in July 2022, an increase of 30.7%.
Exports of domestically produced goods, including ship and aircraft supplies, for July 2023 were €227.3 million compared to €173.9 million in July 2022. The value of exports of manufactured goods for July 2023 was €222.5 million compared to €166.8 million in July 2022, while the value of exports of agricultural products for July 2023 was €3.6 million compared to €5.7 million in July 2022.
Exports of foreign goods, including ships and aircraft supplies, for July 2023 were €157.9 million. Compared to €253.3 million in July 2022, a decrease of 37.7%.
More data are published in the monthly publication 'Intra-EU and Third Country Trade Statistics (Summary Data) - July 2023' as well as in the CYSTAT-DB database, under the Foreign Trade subheading.
More data are published in the monthly publication 'Intra-EU Trade Statistics and Trade with Third Countries (Summary Data) - July 2023' as well as in the CYSTAT-DB database, under the Foreign Trade subheading.
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Table |
[/TD]
[TR] [TD]
Year and Month
[/TD] [TD]Total Imports
[/TD] [TD]Total Exports
[/TD] [/TR] [TR] [TD]€000's
[/TD] [TD]€000's
[/TD] [/TR] [TR] [TD]2023
[/TD] [TD][/TD] [TD] [/TD] [/TR] [TR] [TD]
August
[/TD] [TD][1.083,624
[/TD] [TD]414,310
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]1.079,764
[/TD] [TD]385,149
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]1,057.849
[/TD] [TD]321,518
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]989,463
[/TD] [TD]379,168
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]906.109
[/TD] [TD]323,377
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]1,004,268
[/TD] [TD]374.579
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]767,453
[/TD] [TD]259.926
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]1,721,665
[/TD] [TD]315.554
[/TD] [/TR] [TR] [TD]2022
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]December
[/TD] [TD][847.282
[/TD] [TD]593,296
[/TD] [/TR] [TR] [TD]November
[/TD] [TD]1,026,675
[/TD] [TD]347,545
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]940.376
[/TD] [TD]417,958
[/TD] [/TR] [TR] [TD]September
[/TD] [TD]877,574
[/TD] [TD]288.264
[/TD] [/TR] [TR] [TD]August
[/TD] [TD]973,885
[/TD] [TD]269.610
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]1,045,530
[/TD] [TD]427,223
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]1.215.478
[/TD] [TD]294.730
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]1.180.506
[/TD] [TD]437,089
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]860,705
[/TD] [TD]281.056
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]991,391
[/TD] [TD]325.674
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]747.912
[/TD] [TD]301.850
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]762.696
[/TD] [TD]224,472
[/TD] [/TR] [TR] [TD]Note: Data for the year 2022 and for April, May, June and July 2023 have been revised. Data for August 2023 are preliminary.
[/TD] [/TD] [/TR]
Methodological Information
Statistical Value
The statistical value is the value of goods at the time and place where the goods cross the borders of Cyprus.
Domestically Produced and Foreign Produced 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.
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 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 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 the periods before and after the end of 2020.
For more information, interested parties can visit the Statistical Office Portal, under External Trade, CYSTAT-DB (Database), Predefined Tables (Excel), Publications, Methodological Information.
or contact Mr: No. Tel. svikis@cystat.mof.gov.cy or Ms. Ioanna Leontiou: No.. Tel. Address: ileontiou@cystat.mof.gov.cy.
The Predefined Tables in Excel format include data up to December 2022. For January 2023 and onwards, the update is done only in the CYSTAT-DB Database.
(NΓ/ΣX)
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Views & opinions expressed are those of the author and/or PIO
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