Annual Change in November, +5.0% in Imports and -14.2% in Exports
November 2022, Preliminary Data
Total imports of goods in November 2022 were €983.5 million. compared to €937.1 million in November 2021, an increase of 5.0%. Imports from other EU Member States were €575.5 million and from third countries €408.0 million, compared with €525.5 million and €411.6 million respectively in November 2021. Imports in November 2022 included the transfer of economic ownership of mobile transport equipment (ships), worth €153.3 million compared with €157.8 million in November 2021.
Total exports of goods in November 2022 were €317.3 million compared with €369.6 million in November 2021, a decrease of 14.2%. Exports to other EU member states were €76.8 million and to third countries €240.5 million, compared to €101.0 million and €268.6 million respectively in November 2021. Exports in November 2022 included the transfer of economic ownership of mobile transport equipment (ships), worth €132.6 million, compared with €148.4 million in November 2021.
Total imports of goods for January-November 2022 were €10,378.2 million, compared with €7,928.1 million for January-November 2021, an increase of 30.9%. Total exports of goods for the January-November 2022 period were €3,558.6 million compared to €3,022.0 million for the January-November 2021 period, an increase of 17.8%. The trade deficit was €6,819.7 million in January-November 2022 compared with €4,906.1 million in January-November 2021.
October 2022, Final Data
Total imports of goods were €910.0 million in October 2022 compared with €723.4 million in October 2021.
Exports of domestically produced goods, including ship and aircraft supplies, for October 2022 were €163.2 million compared to €100.6 million in October 2021, an increase of 25.8%.
Exports of domestically produced goods, including ship and aircraft supplies, for October 2022 were €163.2 million compared to €100.6 million in October 2021, an increase of 62.2%. The value of industrial exports for October 2022 was €156.7 million compared to €94.3 million in October 2021, while the value of agricultural exports for October 2022 was €5.0 million.
Foreign merchandise exports, including ships and aircraft supplies, for October 2022 were €252.9 million compared to €361.9 million in October 2021, a decrease of 30.1%.
Foreign merchandise exports, including ships and aircraft supplies, for October 2022 were €252.9 million compared to €361.9 million in October 2021, a decrease of 30.1%.
| Table |
[TR] [TD]
Year and Month
[/TD] [/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]November
[/TD] [TD][983.501
[/TD] [TD]317,281
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]910.042
[/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]1,156,908
[/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] [TR] [TD]Note: March, April, June, August, September and October 2022 figures have been revised. November 2022 figures 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 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, Foreign Trade
CYSTAT-DB (Database)
Predefined Tables (Excel)
Contact
Ioanna Leontiou: No. +357 22 605122, Tel. Address: ileontiou@cystatmofgovcy
Elina Toubaki: No. Tel. Address: etoumbaki@cystatmofgov.cy
(MΓ/EΧΡ)
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Views & opinions expressed are those of the author and/or PIO
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