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[PIO] Foreign Trade Statistics: March 2024 (Final Data) and April 2024 (Preliminary Data)

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April 2024, Preliminary Data

Total imports of goods in April 2024 were €1,094.1 million compared to €915.5 million in April 2023, an increase of 19.5%. Imports from other EU Member States were €648.4 million and from third countries €445.7 million compared to €573.1 million and €342.3 million respectively in April 2023. Imports in April 2024 included transfer of economic ownership of ships and aircraft, worth €155.6 million compared with €100.3 million in April 2023.

Total exports of goods in April 2024 were €351.0 million compared with €323.3 million in April 2023, an increase of 8.6%. Exports to other EU Member States were €108.6 million and to third countries €242.5 million, compared to €90.2 million and €233.1 million respectively in April 2023. Exports in April 2024 included the transfer of economic ownership of ships, with a total value of €38.3 million compared to €122.6 million in April 2023.

Total imports of goods for January-April 2024 were €3,619.6 million compared to €4,435.4 million for January-April 2023, a decrease of 18.4%. Total goods exports for the January-April 2024 period were €1,166.6 million compared to €1,274.1 million for the January-April 2023 period, a decrease of 8.4%. The trade deficit was €2,453.0 million in January-April 2024 compared with €3,161.3 million in January-April 2023.


March 2024, Final Data

Total imports of goods were €816.8 million in March 2024 compared with €1.014.4 million in March 2023, a decrease of 19.5%.

Exports of domestically produced goods, including ship and aircraft supplies, for March 2024 were €150.1 million compared to €163.4 million in March 2023, a decrease of 8.1%. The value of exports of manufactured goods for March 2024 was €139.5 million compared to €152.4 million in March 2023, while the value of exports of agricultural products for March 2024 was €9.8 million compared to €10.1 million in March 2023.

More data are published in the monthly publication 'Intra-EU and Trade Statistics with Third Countries (Summary Data) - March 2024' and in the CYSTAT-DB database, under the subheading Foreign Trade.


More data are published in the monthly publication 'Intra-EU and Trade Statistics with Third Countries (Summary Data) - March 2024' as well as in the CYSTAT-DB database, under the subheading Foreign Trade.


More data are published in the monthly publication 'Intra-EU and Trade Statistics with Third Countries (Summary Data) - March 2024' as well as in the CYSTAT-DB database, under the subheading Foreign Trade.


Table

[/TD]

[TR] [TD]

Year and Month

[/TD] [TD]

Total Imports

[/TD] [TD]

Total Exports

[/TD] [/TR] [TR] [TR] [TD]

€000's

[/TD] [TD]

€000's

[/TD] [/TR] [TR] [TD]

2024

[/TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]

April

[/TD] [TD]

[1.094,102

[/TD] [TD]

351,022

[/TD] [/TR] [TR] [TD]

March

[/TD] [TD]

816,796

[/TD] [TD]

261,021

[/TD] [/TR] [TR] [TD]

February

[/TD] [TD]

852.143

[/TD] [TD]

243,464

[/TD] [/TR] [TR] [TD]

January

[/TD] [TD]

856,554

[/TD] [TD]

311.093

[/TD] [/TR] [TR] [TD]

2023

[/TD] [TD]
[/TD] [TD]
[/TD] [/TR] [TR] [TD]

January - December

[/TD] [/TD] [TD]

12.948,896

[/TD] [/TD] [TD]

4.686.283

[/TD] [/TD] [/TR] [TR] [TD]

December

[/TD] [TD]

928.391

[/TD] [TD]

389.869

[/TD] [/TR] [TR] [TD]

November

[/TD] [TD]

1,078,279

[/TD] [TD]

745.267

[/TD] [/TR] [TR] [TD]

October

[/TD] [TD]

1,037,892

[/TD] [TD]

282.069

[/TD] [/TR] [TR] [TD]

September

[/TD] [TD]

1,083,597

[/TD] [TD]

443.537

[/TD] [/TR] [TR] [TD]

August

[/TD] [TD]

1,223,514

[/TD] [TD]

422,252

[/TD] [/TR] [TR] [TD]

July

[/TD] [TD]

1,102,309

[/TD] [TD]

386.406

[/TD] [/TR] [TR] [TD]

June

[/TD] [TD]

1,059,482

[/TD] [TD]

321,007

[/TD] [/TR] [TR] [TD]

May

[/TD] [TD]

1,000,007

[/TD] [TD]

421.788

[/TD] [/TR] [TR] [TD]

April

[/TD] [TD]

915,458

[/TD] [TD]

323,297

[/TD] [/TR] [TR] [TD]

March

[/TD] [TD]

1,014,401

[/TD] [TD]

374.778

[/TD] [/TR] [TR] [TD]

February

[/TD] [TD]

770,478

[/TD] [TD]

260,800

[/TD] [/TR] [TR] [TD]

January

[/TD] [TD]

1,735,090

[/TD] [TD]

315.213

[/TD] [/TR] [TR] [TD]

Note: Import data for February and March 2024 and export data for March 2024 have been revised. April 2024 data are preliminary.

[/TD] [/TR] [/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.

Domestic and Foreign Manufactured Goods

Domestic manufactured goods[/B] 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 a significant 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 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 of 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. Sofronis Viki (tel.: 22 602206, tel. url=mailto:svikis@cystat.mof.gov.cy]svikis@cystat.mof.gov.cy[/URL]) or Ms Ioanna Leontiou (tel.: 22 605122, e-mail: ileontiou@cystat.mof.gov.cy).

The Predefined Tables in Excel format include data up to December 2022. For January 2023 and thereafter, the update is done only in the CYSTAT-DB Database.


Contents of this article including associated images are owned by PIO
Views & opinions expressed are those of the author and/or PIO

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