1. Overview the trade of CYPRUS in goods current year until 202010
According to Dalian Infobank, in 202010, CYPRUS's exports and imports of goods amounted to 1296.5908 million, and were up 26.56% comparing with the same period of last year. Among these, exports were up 20.46% at 316.4016 million, and imports were up 28.66% at 980.1892 million. And the corresponding trade deficit was 663.7876 million and up 32.98%.
During the current year until 202010, CYPRUS's total exports and imports of goods were 9723.4795 million and were down 7.97% comparing to the same period of last year. Among these, exports were 2663.1970 million and down 9.04%; imports were 7060.2825 million and down 7.56%. The total trade deficit was 4397.0856 million and down 6.64%.
If considering by country (region), GREECE, UNITED KINGDOM, ITALY, GERMANY, CHINA were CYPRUS's top five trading partners. During the current year until 202010, CYPRUS's imports and exports to five countries/territories were 1770.4740 million, 702.8241 million, 604.7738 million, 537.2457 million, 525.3689 million. These values correspond to 18.21%, 7.23%, 6.22%, 5.53%, 5.40% of CYPRUS's imports and exports, and, respectively, were up 0.43%, down 4.06%, down 25.81%, up 3.22%, up 26.09% comparing to the same period of last year.
Current year until 202010, CYPRUS and the top five trade partners GREECE, LIBERIA, UNITED KINGDOM, LIBYA, NETHERLANDS are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202010, CYPRUS's exports to these five countries/territories were 223.6455 million, 220.6265 million, 172.8539 million, 161.6618 million, 158.2647 million. These values correspond to 8.40%, 8.28%, 6.49%, 6.07%, 5.94% of CYPRUS's exports and, respectively, were up 3.06%, up 725.89%, down 3.86%, down 47.67%, down 65.48% comparing with the same period of last year.
Current year until 202010, CYPRUS's exports to top five countries/territories GREECE, ITALY, UNITED KINGDOM, GERMANY, CHINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202010, CYPRUS's imports from these five countries/territories were 1546.8285 million, 577.8098 million, 529.9701 million, 479.5777 million, 434.4181 million. These values correspond to 21.91%, 8.18%, 7.51%, 6.79%, 6.15% of CYPRUS's total imports and, respectively, were up 0.06%, down 24.99%, down 4.13%, up 3.78%, up 13.97% comparing with the same period of last year.
During the current year until 202010, the trade surplus of CYPRUS was mainly from LIBERIA, LIBYA, MARSHALL ISLANDS, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE at 197.0230 million, 161.6603 million, 116.5568 million, 102.6323 million, 59.2719 million, and down 667.05%, down 47.63%, down 962.83%, down 34.88%, down 64.19%. And the trade deficits were mainly from GREECE, ITALY, GERMANY, BRITISH VIRGIN ISLANDS, UNITED KINGDOM at 1323.1830 million, 550.8458 million, 421.9097 million, 360.5895 million, 357.1162 million, and down 0.43%, down 24.08%, up 4.50%, up 41504.02%, down 4.25%.
Current year until 202010, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202010, 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 2074.4207 million, 1515.4977 million, 670.7626 million, 566.4825 million, 518.6097 million, which were up 7.37%, down 29.56%, up 20.83%, down 8.39%, down 1.59% comparing with the same period of last year and account for 21.33%, 15.59%, 6.90%, 5.83%, 5.33% of CYPRUS's total imports and exports.
During the current year until 202010, 89, 27, 30, 04, 85 were CYPRUS's top five traded commodities, with total import and export values of 891.0644 million, 429.9512 million, 356.8364 million, 262.8448 million, 98.0470 million. These values correspond to 33.46%, 16.14%, 13.40%, 9.87%, 3.68% of CYPRUS's total exports and, respectively, were down 4.32%, down 33.16%, up 18.01%, up 19.93%, down 30.62% comparing to the same period of last year.
During the current year until 202010, 89, 27, 87, 84, 85 were CYPRUS's top five traded commodities, with total import values of 1183.3563 million, 1085.5465 million, 552.1680 million, 441.9059 million, 369.4690 million. These values correspond to 16.76%, 15.38%, 7.82%, 6.26%, 5.23% of CYPRUS's total exports and, respectively, were up 18.25%, down 28.03%, down 8.21%, up 0.69%, down 3.51% comparing to the same period of last year.
2. Current year until 202010, CYPRUS binational trade profile
According to Dalian Infobank, during the current year until 202010, CYPRUS-China binational exports and imports of goods amounted to 525.3689 million and were up 26.09% comparing with the same period of last year. Among these, exports from CYPRUS to China were 90.9508 million and up 156.31%, imports from China to CYPRUS were 434.4181 million and up 13.97%. The total binational trade deficit was 343.4672 million and down 0.64%.
During the urrent year until 202010, commodities with hs2 code, 89, 84, 85, 94, 87, were binational trade's top five traded commodities. They correspond to import and export values of 145.7126 million, 67.8712 million, 41.8594 million, 37.5950 million, 36.2271 million and makes up 27.74%, 12.92%, 7.97%, 7.16%, 6.90% of the total binational imports and exports. These values were also up 151.99%, up 17.53%, down 21.11%, down 9.39%, up 632.97% comparing to the same period last year.
During the current year until 202010, 89, 20, 30, 90, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 67.6387 million, 8.3149 million, 6.9028 million, 2.4480 million, 1.6731 million. These values account for 74.37%, 9.14%, 7.59%, 2.69%, 1.84% of CYPRUS's total exports and were 0, down 20.55%, down 58.22%, up 42.69%, down 8.37% comparing to the same period of last year.
During the current year until 202010, 89, 84, 85, 94, 87 were CYPRUS's top five traded commodities importing from China , with import values of 78.0739 million, 67.1400 million, 41.6655 million, 37.5910 million, 36.2271 million. These values account for 17.97%, 15.46%, 9.59%, 8.65%, 8.34% of CYPRUS's total imports and were up 35.02%, up 16.69%, down 21.20%, down 9.38%, up 634.62% comparing with the same period of last year.
3.Analysis of import and export trends
Data Source: Eurostat