Annual Change in December +10.6% in Imports and +68,1% in Exports
December 2022 - Preliminary Data
Total imports of goods in December 2022 were €800.0 million. compared to €723.6 million in December 2021, an increase of 10.6%. Imports from other EU member states were €505.1 million and from third countries €294.8 million, compared with €456.9 million and €266.7 million respectively in December 2021. Imports in December 2022 included the transfer of economic ownership of mobile transport equipment (ships), worth €64.6 million compared with €23.7 million in December 2021.
Total exports of goods in December 2022 were €590.5 million compared with €351.4 million in December 2021, an increase of 68.1%. Exports to other EU Member States were €78.9 million and to third countries €511.6 million, compared to €79.7 million and €271.6 million respectively in December 2021. Exports in December 2022 included the transfer of economic ownership of mobile transport equipment (ships and aircraft), with a total value of €412.3 million compared to €173.7 million in December 2021.
Total imports of goods for January-December 2022 were €11,203.1 million compared to €8,651.7 million for January-December 2021, an increase of 29.5%. Total exports of goods for the January-December 2022 period were €4,177.7 million compared to €3,373.4 million for the January-December 2021 period, an increase of 23.8%. The trade deficit was €7,025.5 million for the January-December 2022 period compared to €5,278.3 million in the corresponding period of 2021.
November 2022- Final Data
Total imports of goods were €1,008.8 million in November 2022 compared to €937.1 million in November 2021, an increase of 7.7%.
Exports of domestically produced goods, including ship and aircraft supplies, for November 2022 were €97.7 million compared to €145.9 million in November 2021, recording a decrease of 33.0%. The value of industrial exports for November 2022 was €90.8 million compared to €138.7 million in November 2021, while the value of agricultural exports for November 2022 was €5.9 million.
Foreign merchandise exports, including ships and aircraft supplies, for November 2022 were €248.1 million compared to €223.7 million in November 2021, an increase of 10.9%.
Foreign merchandise exports, including ships and aircraft supplies, for November 2022 were €248.1 million compared to €223.7 million in November 2021.
| 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]
2022
[/TD] [TD][/TD] [TD] [/TD] [/TR] [TR] [TD]
December
[/TD] [TD]799.989
[/TD] [TD]590.520
[/TD] [/TR] [TR] [TD]November
[/TD] [TD]1.008.840
[/TD] [TD]345.847
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]909.259
[/TD] [TD]416.024
[/TD] [/TR] [TR] [TD]September
[/TD] [TD]864,793
[/TD] [TD]285,704
[/TD] [/TR] [TR] [TD]August
[/TD] [TD]956,397
[/TD] [TD]268.201
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]1,028,565
[/TD] [TD]423,005
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]1,197,150
[/TD] [TD]293.182
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]1,157,288
[/TD] [TD]434,400
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]833,078
[/TD] [TD]276.666
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]971,378
[/TD] [TD]323,276
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]728,154
[/TD] [TD]298.525
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]748.249
[/TD] [TD]222.300
[/TD] [/TR] [TR] [TD]2021
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]December
[/TD] [TD]723.570
[/TD] [TD]351,351
[/TD] [/TR] [TR] [TD]November
[/TD] [TD]937,065
[/TD] [TD]369.582
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]723,422
[/TD] [TD]462,482
[/TD] [/TR] [TR] [TD]September
[/TD] [TD]643,714
[/TD] [TD]204.779
[/TD] [/TR] [TR] [TD]August
[/TD] [TD]712,115
[/TD] [TD]284,229
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]789,363
[/TD] [TD]353.048
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]771,500
[/TD] [TD]314,153
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]678,741
[/TD] [TD]227.772
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]710,170
[/TD] [TD]244,966
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]619,933
[/TD] [TD]224.373
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]748,173
[/TD] [TD]179,149
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]593.886
[/TD] [TD]157,489
[/TD] [/TR]
Note: May, October and November 2022 figures have been revised. December 2022 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 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 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 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:
Statistical Office Portal, under External Trade
CYSTAT-DB (Database)
Predefined Tables (Excel)
Contact: Tel: +357 22 605122, tel. Address: ileontiou@cystat.mof.gov.cy
Elina Toubaki: Tel: +357 22 602214, tel. Address: etoumbaki@cystat.mof.gov.cy
(MB/SX)
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Views & opinions expressed are those of the author and/or PIO
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