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June 2023, Preliminary Data
Total imports of goods in June 2023 were €984.0 million compared to €1,204.0 million in June 2022, a decrease of 18.3%. Imports from other EU Member States were €596.9 million and from third countries €387.1 million, compared with €579.0 million and €625.0 million respectively in June 2022. Imports in June 2023 included the transfer of economic ownership of mobile transport equipment (ships) worth €83.9 million compared with €364.7 million in June 2022.
Total exports of goods in June 2023 were €320.9 million compared with €293.6 million in June 2022, an increase of 9.3%. Exports to other EU member states were €119.6 million and to third countries €201.3 million, compared to €107.2 million and €186.5 million respectively in June 2022. Exports in June 2023 included the transfer of economic ownership of mobile transport equipment (ships) worth €83.4 million, compared with €39.3 million in June 2022.
Total imports of goods for January-June 2023 were €6,358.4 million, compared with €5,674.8 million for January-June 2022, an increase of 12.0%. Total goods exports for the January-June 2023 period were €1,964.8 million compared to €1,855.4 million for the January-June 2022 period, an increase of 5.9%. The trade deficit was €4,393.6 million for the January-June 2023 period compared to €3,819.3 million for the corresponding period in 2022.
May 2023, Final Data
Total imports of goods were €987.9 million in May 2023 compared to €1,165.7 million in May 2022, a decrease of 15.3%.
Exports of domestically produced goods, including ship and aircraft supplies, for May 2023 were €240.4 million compared to €209.4 million in May 2022, recording an increase of 14.8%. The value of exports of manufactured goods for May 2023 was €227.7 million compared to €195.6 million in May 2022, while the value of exports of agricultural products for May 2023 was €11.5 million.
Foreign merchandise exports, including ships and aircraft supplies, for May 2023 were €134.1 million compared to €225.7 million in May 2022, a decrease of 40.6%.
Foreign merchandise exports, including ships and aircraft supplies, for May 2023 were €134.1 million compared to €225.7 million in May 2022.
More data are published in the monthly publication "Intra-EU and Third Country Trade Statistics (Summary Data) - May 2023", as well as in the CYSTAT-DB database, under the Foreign Trade subtopic.
| Table |
[TR] [TD]
Year and Month
[/TD] [TD]Total Imports €000's
[/TD] [TD]Total Exports €000's
[/TD] [/TR] [TR] [TD]2023
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]983.966
[/TD] [TD]320.914
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]987.949
[/TD] [TD]374.509
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]892.292
[/TD] [TD]318.940
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]1.004.390
[/TD] [TD]374.982
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]768,059
[/TD] [TD]259,926
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]1.721.728
[/TD] [TD]315.554
[/TD] [/TR] [TR] [TD]2022
[/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: March, April and May 2023 figures have been revised. June 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 border 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 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, while 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, interested parties can visit the Statistics Service Portal, under Foreign Trade, CYSTAT-DB (Database), Predefined Tables (Excel), Publications, Methodological Information or contact Ms. Ioanna Leontiou at 22605122 or ileontiou@cystat.mof.gov.cy.
Note that 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.
(MB/SX)
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