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- Ελληνικά
June 2024, Preliminary Data
Total imports of goods in June 2024 were €896.9 million compared to €1,059.5 million in June 2023, a decrease of 15.3%. Imports from other EU Member States were €538.9 million and from third countries €358.0 million, compared with €615.5 million and €444.0 million respectively in June 2023. Imports in June 2024 included the transfer of economic ownership of ships, with a total value of €70.4 million compared with €78.8 million in June 2023.
Total goods exports in June 2024 were €449.0 million compared with €321.0 million in June 2023, an increase of 39.9%. Exports to other EU Member States were €126.0 million and to third countries €323.0 million, compared with €120.6 million and €200.4 million respectively in June 2023. Exports in June 2024 include the transfer of economic ownership of ships, with a total value of €159.7 million compared to €83.4 million in June 2023.
Total imports of goods for January-June 2024 were €5,557.7 million compared to €6,494.9 million for January-June 2023, a decrease of 14.4%. Total goods exports for the January-June 2024 period were €1,985.9 million compared to €2,016.9 million for the January-June 2023 period, a decrease of 1.5%. The trade deficit was €3,571.8 million in January-June 2024 compared with €4,478.0 million in January-June 2023.
May 2024, Final Data
Total imports of goods were €1,037.4 million in May 2024 compared with €1.000.0 million in May 2023, an increase of 3.7%.
Exports of domestically produced goods, including ship and aircraft supplies, for May 2024 were €192.1 million compared to €240.7 million in May 2023, a decrease of 20.2%. The value of exports of manufactured goods for May 2024 was €175.8 million compared to €227.9 million in May 2023, while the value of exports of agricultural products for May 2024 was €14.9 million compared to €11.6 million in May 2023.
More data are published in the monthly publication "Intra-EU and Third Country Trade Statistics (Summary Data) - May 2024" as well as in the CYSTAT-DB database, under the Foreign Trade subheading.
| Table |
[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]2024
[/TD] [TD] [/TD] [TD][/TD] [/TD] [/TR] [TR] [TD]
June
[/TD] [TD]896.933
[/TD] [TD]448,992
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]1,037,447
[/TD] [TD]340.809
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]1,098,529
[/TD] [TD]350.762
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]816,066
[/TD] [TD]261,009
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]852.143
[/TD] [TD]273.236
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]856.554
[/TD] [TD]311.088
[/TD] [/TR] [TR] [TD]
2023
[/TD] [TD][/TD] [TD]
[/TD] [/TR] [TR] [TD]
January - December
[/TD] [/TD] [TD]
12.948,896
[/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 April and May 2024 and export data for May 2024 have been revised. June 2024 data are preliminary.
[/TD] [/TR] [/TR]
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 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 produced in a country other than Cyprus and derived goods which have undergone substantial processing in a country other than Cyprus which has given 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 the goods are known to be shipped at the time of export.
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, 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 of other third countries for the periods before and after the end of 2020.
For more information, interested parties can visit the Statistical Service Portal, under External Trade, CYSTAT-DB (Database), Predefined Tables (Excel), Publications, Methodological Information or contact Mr. Sofronis Viki by telephone at 22602206 or by e-mail at svikis@cystat.mof.gov.cy or Ms. Ioanna Leontiou by telephone at 22605122 or by e-mail at ileontiou@cystat.mof.gov.cy[/URL].
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.
(AF/NYAN)
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