1.  Overview the trade of CYPRUS in goods current year until 202006

According to Dalian Infobank, in 202006, CYPRUS's exports and imports of goods amounted to 1070.3664 million, and were down 4.59% comparing with the same period of last year. Among these, exports were up 16.83% at 300.2005 million, and imports were down 10.95% at 770.1658 million. And the corresponding trade deficit was 469.9653 million and down 22.69%.

During the current year until 202006, CYPRUS's total exports and imports of goods were 5706.7476 million and were down 12.71% comparing to the same period of last year. Among these, exports were 1674.9492 million and down 12.14%; imports were 4031.7984 million and down 12.94%. The total trade deficit was 2356.8491 million and down 13.50%.

If considering by country (region), GREECE, UNITED KINGDOM, ITALY, CHINA, GERMANY were CYPRUS's top five trading partners. During the current year until 202006, CYPRUS's imports and exports to five countries/territories were 1033.4477 million, 422.8492 million, 334.6456 million, 320.8754 million, 301.6518 million. These values correspond to 18.11%, 7.41%, 5.86%, 5.62%, 5.29% of CYPRUS's imports and exports, and, respectively, were down 3.92%, down 3.32%, down 28.52%, up 24.55%, down 8.53% comparing to the same period of last year.

Current year until 202006, CYPRUS and the top five trade partners LIBERIA, GREECE, MARSHALL ISLANDS, UNITED KINGDOM, FRANCE are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202006, CYPRUS's exports to these five countries/territories were 200.3563 million, 130.5873 million, 121.4087 million, 104.4039 million, 103.2259 million. These values correspond to 11.96%, 7.80%, 7.25%, 6.23%, 6.16% of CYPRUS's exports and, respectively, were up 873.13%, down 9.60%, up 348.04%, down 11.34%, up 328.83% comparing with the same period of last year.

Current year until 202006, CYPRUS's exports to top five countries/territories GREECE, UNITED KINGDOM, ITALY, GERMANY, CHINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202006, CYPRUS's imports from these five countries/territories were 902.8604 million, 318.4453 million, 317.3117 million, 259.3380 million, 236.1365 million. These values correspond to 22.39%, 7.90%, 7.87%, 6.43%, 5.86% of CYPRUS's total imports and, respectively, were down 3.03%, down 0.37%, down 26.79%, down 12.68%, down 1.06% comparing with the same period of last year.

During the current year until 202006, the trade surplus of CYPRUS was mainly from LIBERIA, MARSHALL ISLANDS, LIBYA, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE at 197.7653 million, 116.9557 million, 79.2020 million, 67.6845 million, 37.2167 million, and down 663.94%, up 390.79%, down 51.93%, down 26.52%, down 56.04%. And the trade deficits were mainly from GREECE, ITALY, CAYMAN ISLANDS, GERMANY, UNITED KINGDOM at 772.2730 million, 299.9779 million, 218.1000 million, 217.0241 million, 214.0414 million, and down 1.83%, down 24.76%, 0, down 17.85%, up 6.03%.

Current year until 202006, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202006,  commodities with hs2 codes, 89, 27, 30, 87, 84, were CYPRUS's top five traded commodities. They correspond to the import and export values of 1281.9098 million, 876.5507 million, 396.9621 million, 316.4144 million, 310.2120 million, which were down 12.35%, down 26.08%, up 22.49%, down 14.28%, down 5.34% comparing with the same period of last year and account for 22.46%, 15.36%, 6.96%, 5.54%, 5.44% of CYPRUS's total imports and exports.

During the current year until 202006, 89, 27, 30, 04, 85 were CYPRUS's top five traded commodities, with total import and export values of 624.2189 million, 230.0191 million, 212.6759 million, 162.0736 million, 60.4721 million. These values correspond to 37.27%, 13.73%, 12.70%, 9.68%, 3.61% of CYPRUS's total exports and, respectively, were down 12.37%, down 32.79%, up 22.11%, up 16.10%, down 29.06% comparing to the same period of last year.

During the current year until 202006, 89, 27, 87, 84, 85 were CYPRUS's top five traded commodities, with total import values of 657.6910 million, 646.5316 million, 308.8416 million, 260.9572 million, 200.2362 million. These values correspond to 16.31%, 16.04%, 7.66%, 6.47%, 4.97% of CYPRUS's total exports and, respectively, were down 12.34%, down 23.37%, down 14.03%, down 2.95%, down 8.19% comparing to the same period of last year.

2. Current year until 202006, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202006, CYPRUS-China binational exports and imports of goods amounted to 320.8754 million and were up 24.55% comparing with the same period of last year. Among these, exports from CYPRUS to China were 84.7389 million and up 346.86%, imports from China to CYPRUS were 236.1365 million and down 1.06%. The total binational trade deficit was 151.3977 million and down 31.09%.

During the urrent year until 202006, commodities with hs2 code, 89, 84, 87, 94, 85, were binational trade's top five traded commodities. They correspond to import and export values of 93.6912 million, 36.9971 million, 33.6233 million, 21.1578 million, 19.6068 million and makes up 29.20%, 11.53%, 10.48%, 6.59%, 6.11% of the total binational imports and exports. These values were also up 135.46%, up 4.87%, up 955.37%, down 22.72%, down 36.14% comparing to the same period last year.

During the current year until 202006, 89, 30, 20, 90, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 67.6387 million, 6.8738 million, 5.6486 million, 1.1281 million, 0.9793 million. These values account for 79.82%, 8.11%, 6.67%, 1.33%, 1.16% of CYPRUS's total exports and were 0, down 10.61%, down 6.68%, up 37.25%, down 8.74% comparing to the same period of last year.

During the current year until 202006, 84, 87, 89, 94, 85 were CYPRUS's top five traded commodities importing from China , with import values of 36.4603 million, 33.6233 million, 26.0525 million, 21.1572 million, 19.4991 million. These values account for 15.44%, 14.24%, 11.03%, 8.96%, 8.26% of CYPRUS's total imports and were up 3.73%, up 955.63%, down 34.53%, down 22.70%, down 36.30% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat