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Cyprus Trade Deficit: January – November 2020

Cyprus Trade Deficit: January – November 2020

Cyprus` trade deficit was €4,326.2 mn in January – November 2020 compared to €4,626.1 mn in the corresponding period of 2019, according to the Statistical Service.

 

The total imports of goods to Cyprus from EU member states and from third countries in January – November 2020 amounted to €6,875.0 mn as compared to €7,510.3 mn in January – November 2019, recording a decrease of 8.5%, according to Cyprus Statistical Service.

 

The total exports of goods from Cyprus to EU member states and to third countries in January – November 2020 were €2,548.8 mn compared to €2,884.2 mn in the same period of 2019, registering a decrease of 11.6%.

 

The European Union was the main source of supply of goods to Cyprus with a share of €4,035.5 mn of total imports, while imports from all other European countries totalled €759.1 mn in January - November 2020. Imports from the rest of the world amounted to €2,080.4 mn.

 

Exports to the European Union accounted for €859.4 mn, while exports to all other European countries for €260.4 mn in January - November 2020. Exports to the rest of the world amounted to €1,429.0 mn.

 

The Statistical Service of Cyprus monthly electronic publication “Intra & Extra EU Trade Statistics (by commodity and country)” for January - November 2020 includes detailed quantity and value data on imports and exports of domestically produced goods and foreign goods, classified at the 6 digits commodity code level and by partner country.

 

Source: CNA

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