1.  Overview the trade of CYPRUS in goods current year until 202011

According to Dalian Infobank, in 202011, CYPRUS's exports and imports of goods amounted to 938.7459 million, and were down 4.54% comparing with the same period of last year. Among these, exports were down 34.16% at 166.7460 million, and imports were up 5.74% at 771.9999 million. And the corresponding trade deficit was 605.2539 million and up 26.93%.

During the current year until 202011, CYPRUS's total exports and imports of goods were 10662.2254 million and were down 7.68% comparing to the same period of last year. Among these, exports were 2829.9430 million and down 11.04%; imports were 7832.2824 million and down 6.40%. The total trade deficit was 5002.3395 million and down 3.55%.

If considering by country (region), GREECE, UNITED KINGDOM, ITALY, GERMANY, CHINA were CYPRUS's top five trading partners. During the current year until 202011, CYPRUS's imports and exports to five countries/territories were 1952.9042 million, 787.5322 million, 674.2054 million, 587.6460 million, 563.9811 million. These values correspond to 18.32%, 7.39%, 6.32%, 5.51%, 5.29% of CYPRUS's imports and exports, and, respectively, were up 0.24%, down 0.82%, down 24.21%, up 4.15%, up 25.79% comparing to the same period of last year.

Current year until 202011, 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 202011, CYPRUS's exports to these five countries/territories were 245.7834 million, 224.7006 million, 188.2359 million, 175.1428 million, 160.0655 million. These values correspond to 8.69%, 7.94%, 6.65%, 6.19%, 5.66% of CYPRUS's exports and, respectively, were up 3.67%, up 282.55%, down 2.93%, down 47.90%, down 65.23% comparing with the same period of last year.

Current year until 202011, 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 202011, CYPRUS's imports from these five countries/territories were 1707.1208 million, 644.4604 million, 599.2963 million, 525.4471 million, 471.5881 million. These values correspond to 21.80%, 8.23%, 7.65%, 6.71%, 6.02% of CYPRUS's total imports and, respectively, were down 0.24%, down 23.60%, down 0.14%, up 4.79%, up 14.62% comparing with the same period of last year.

During the current year until 202011, the trade surplus of CYPRUS was mainly from LIBYA, LIBERIA, MARSHALL ISLANDS, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE at 175.1413 million, 163.1482 million, 122.0568 million, 108.8256 million, 61.1698 million, and down 47.86%, down 3790.56%, up 2005.80%, down 36.91%, down 65.58%. And the trade deficits were mainly from GREECE, ITALY, GERMANY, UNITED KINGDOM, CHINA at 1461.3373 million, 614.7154 million, 463.2483 million, 411.0603 million, 379.1951 million, and down 0.87%, down 22.90%, up 5.61%, up 1.20%, up 1.25%.

Current year until 202011, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202011,  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 2154.4376 million, 1677.1349 million, 735.5001 million, 651.4096 million, 570.3465 million, which were up 2.43%, down 27.81%, up 20.12%, down 3.32%, down 1.22% comparing with the same period of last year and account for 20.21%, 15.73%, 6.90%, 6.11%, 5.35% of CYPRUS's total imports and exports.

During the current year until 202011, 89, 27, 30, 04, 85 were CYPRUS's top five traded commodities, with total import and export values of 902.7183 million, 463.1914 million, 390.5577 million, 284.4766 million, 106.7750 million. These values correspond to 31.90%, 16.37%, 13.80%, 10.05%, 3.77% of CYPRUS's total exports and, respectively, were down 11.33%, down 33.09%, up 18.62%, up 19.35%, down 27.80% comparing to the same period of last year.

During the current year until 202011, 89, 27, 87, 84, 85 were CYPRUS's top five traded commodities, with total import values of 1251.7193 million, 1213.9435 million, 635.7804 million, 486.9299 million, 425.2147 million. These values correspond to 15.98%, 15.50%, 8.12%, 6.22%, 5.43% of CYPRUS's total exports and, respectively, were up 15.33%, down 25.56%, down 3.02%, up 0.76%, down 2.11% comparing to the same period of last year.

2. Current year until 202011, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202011, CYPRUS-China binational exports and imports of goods amounted to 563.9811 million and were up 25.79% comparing with the same period of last year. Among these, exports from CYPRUS to China were 92.3930 million and up 150.26%, imports from China to CYPRUS were 471.5881 million and up 14.62%. The total binational trade deficit was 379.1951 million and up 1.25%.

During the urrent year until 202011, 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 152.9203 million, 73.3533 million, 48.3166 million, 39.9586 million, 36.8129 million and makes up 27.11%, 13.01%, 8.57%, 7.09%, 6.53% of the total binational imports and exports. These values were also up 164.43%, up 17.54%, down 21.22%, down 11.45%, up 589.10% comparing to the same period last year.

During the current year until 202011, 89, 20, 30, 90, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 67.6387 million, 9.0602 million, 6.9328 million, 2.7421 million, 1.8190 million. These values account for 73.21%, 9.81%, 7.50%, 2.97%, 1.97% of CYPRUS's total exports and were 0, down 18.97%, down 58.10%, up 44.40%, down 4.19% comparing to the same period of last year.

During the current year until 202011, 89, 84, 85, 94, 87 were CYPRUS's top five traded commodities importing from China , with import values of 85.2816 million, 72.5577 million, 48.1180 million, 39.9546 million, 36.8129 million. These values account for 18.08%, 15.39%, 10.20%, 8.47%, 7.81% of CYPRUS's total imports and were up 47.47%, up 16.77%, down 21.25%, down 11.44%, up 590.54% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat