Cyprus: Decline in imports and increase in exports recorded by the Statistical Service in December 2019

Cyprus: Decline in imports and increase in exports recorded by the Statistical Service in December 2019

On the basis of preliminary estimates for the foreign trade of Cyprus in December 2019, total imports were €702,7 mn as compared to €858,4 mn in December 2018. Imports from other EU Member States in December 2019 were €397,8 mn as compared to €400,3 mn in December 2018. Imports from Third Countries in December 2019 were €304,8 mn as compared to €458,1 mn in December 2018.

Total exports in December 2019 were €249,2 mn as compared to €167,5 mn in December 2018. Exports to other EU Member States in December 2019 were €110,5 mn as compared to €62,8 mn in December 2018. Exports to Third Countries in December 2019 were €138,7 mn as compared to €104,7 mn in December 2018.

Total imports in December 2019 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €158,1 mn as compared to €333,3 mn in December 2018. Total exports in December 2019 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €101,5 mn as compared to €16,2 mn in December 2018.

According to the summary report of the Statistical Service for the period January-November 2019, total imports (covering total imports from third countries and from EU Member States) in January-November 2019 amounted to €7.528,6 mn as compared to €8.341,5 mn in January-November 2018. Total exports (covering total exports to third countries and to EU Member States) in January-November 2019 were €2.876,3 mn compared to €4.142,4 mn in January-November 2018. The trade deficit was €4.652,3 mn in January-November 2019 compared to €4.199,1 mn in the corresponding period of 2018.

Total imports in January-November 2019 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €960,0 mn as compared to €1.541,8 mn in January-November 2018. Total exports in January-November 2019 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €893,7 mn as compared to €1.439,4 mn in January-November 2018.

During November 2019 total imports (covering total imports from third countries and from EU Member States) valued at €659,8 mn as compared to €974,3 mn in November 2018.

Total exports (covering total exports to third countries and to EU Member States), including stores and provisions, in November 2019 amounted to €233,7 mn as compared to €209,4 mn in November 2018. Exports of domestically produced goods, including stores and provisions in November 2019 were €97,9 mn as compared to €85,1 mn in November 2018 whilst exports of foreign goods, including stores and provisions, in November 2019 were €135,8 mn as compared to €124,3 mn in November 2018. Total domestic exports of industrial products in November 2019 were €89,3 mn compared to €76,4 mn in November 2018. Total domestic exports of agricultural products in November 2019 were €6,5 mn compared to €5,9 mn in November 2018./ibna