1.  Overview the trade of CYPRUS in goods current year until 202012

According to Dalian Infobank, in 202012, CYPRUS's exports and imports of goods amounted to 1041.5745 million, and were up 1.03% comparing with the same period of last year. Among these, exports were down 17.08% at 225.5463 million, and imports were up 7.51% at 816.0283 million. And the corresponding trade deficit was 590.4820 million and up 21.25%.

During the current year until 202012, CYPRUS's total exports and imports of goods were 11703.7999 million and were down 6.96% comparing to the same period of last year. Among these, exports were 3055.4892 million and down 11.52%; imports were 8648.3107 million and down 5.24%. The total trade deficit was 5592.8214 million and down 1.42%.

If considering by country (region), GREECE, UNITED KINGDOM, ITALY, GERMANY, CHINA were CYPRUS's top five trading partners. During the current year until 202012, CYPRUS's imports and exports to five countries/territories were 2138.8053 million, 911.4476 million, 753.4971 million, 647.2976 million, 603.9204 million. These values correspond to 18.27%, 7.79%, 6.44%, 5.53%, 5.16% of CYPRUS's imports and exports, and, respectively, were up 1.37%, up 6.50%, down 23.28%, up 4.96%, up 21.49% comparing to the same period of last year.

Current year until 202012, CYPRUS and the top five trade partners GREECE, LIBERIA, UNITED KINGDOM, LIBYA, MARSHALL ISLANDS are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202012, CYPRUS's exports to these five countries/territories were 261.6329 million, 224.7006 million, 202.2958 million, 185.1364 million, 176.4368 million. These values correspond to 8.56%, 7.35%, 6.62%, 6.06%, 5.77% of CYPRUS's exports and, respectively, were up 2.53%, up 282.55%, down 3.43%, down 47.12%, up 124.28% comparing with the same period of last year.

Current year until 202012, 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 202012, CYPRUS's imports from these five countries/territories were 1877.1723 million, 719.4482 million, 709.1517 million, 579.1715 million, 507.8615 million. These values correspond to 21.71%, 8.32%, 8.20%, 6.70%, 5.87% of CYPRUS's total imports and, respectively, were up 1.21%, down 22.95%, up 9.71%, up 5.44%, up 10.73% comparing with the same period of last year.

During the current year until 202012, the trade surplus of CYPRUS was mainly from LIBYA, MARSHALL ISLANDS, LIBERIA, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LEBANON at 185.1348 million, 141.4839 million, 123.4452 million, 114.9757 million, 69.6738 million, and down 47.08%, up 1547.24%, down 2891.56%, down 38.07%, up 298.28%. And the trade deficits were mainly from GREECE, ITALY, GERMANY, UNITED KINGDOM, CHINA at 1615.5394 million, 685.3992 million, 511.0454 million, 506.8559 million, 411.8025 million, and up 1.00%, down 22.59%, up 6.04%, up 16.02%, down 1.99%.

Current year until 202012, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202012,  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 2324.6694 million, 1805.2944 million, 803.1315 million, 738.5675 million, 625.8858 million, which were down 1.75%, down 26.76%, up 18.69%, up 0.00%, up 0.62% comparing with the same period of last year and account for 19.86%, 15.42%, 6.86%, 6.31%, 5.35% of CYPRUS's total imports and exports.

During the current year until 202012, 89, 27, 30, 04, 85 were CYPRUS's top five traded commodities, with total import and export values of 957.5691 million, 495.4516 million, 432.3309 million, 306.4660 million, 115.3464 million. These values correspond to 31.34%, 16.22%, 14.15%, 10.03%, 3.78% of CYPRUS's total exports and, respectively, were down 15.34%, down 31.86%, up 17.90%, up 19.24%, down 27.87% comparing to the same period of last year.

During the current year until 202012, 89, 27, 87, 84, 85 were CYPRUS's top five traded commodities, with total import values of 1367.1003 million, 1309.8428 million, 721.3451 million, 535.0843 million, 476.8422 million. These values correspond to 15.81%, 15.15%, 8.34%, 6.19%, 5.51% of CYPRUS's total exports and, respectively, were up 10.71%, down 24.63%, up 0.36%, up 2.67%, down 1.73% comparing to the same period of last year.

2. Current year until 202012, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202012, CYPRUS-China binational exports and imports of goods amounted to 603.9204 million and were up 21.49% comparing with the same period of last year. Among these, exports from CYPRUS to China were 96.0589 million and up 149.68%, imports from China to CYPRUS were 507.8615 million and up 10.73%. The total binational trade deficit was 411.8025 million and down 1.99%.

During the urrent year until 202012, commodities with hs2 code, 89, 84, 85, 94, 29, were binational trade's top five traded commodities. They correspond to import and export values of 152.9583 million, 79.9899 million, 55.3246 million, 44.3500 million, 37.5880 million and makes up 25.33%, 13.25%, 9.16%, 7.34%, 6.22% of the total binational imports and exports. These values were also up 90.67%, up 17.66%, down 15.63%, down 5.65%, up 11.29% comparing to the same period last year.

During the current year until 202012, 89, 20, 30, 90, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 67.6387 million, 9.5748 million, 8.6824 million, 3.0793 million, 1.9615 million. These values account for 70.41%, 9.97%, 9.04%, 3.21%, 2.04% of CYPRUS's total exports and were 0, down 17.78%, down 48.17%, up 41.81%, down 1.14% comparing to the same period of last year.

During the current year until 202012, 89, 84, 85, 94, 29 were CYPRUS's top five traded commodities importing from China , with import values of 85.3196 million, 79.0934 million, 54.4949 million, 44.3459 million, 37.4807 million. These values account for 16.80%, 15.57%, 10.73%, 8.73%, 7.38% of CYPRUS's total imports and were up 6.36%, up 17.06%, down 16.59%, down 5.64%, up 11.05% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat