1.  Overview the trade of CYPRUS in goods current year until 202103

According to Dalian Infobank, in 202103, CYPRUS's exports and imports of goods amounted to 962.9404 million, and were down 3.99% comparing with the same period of last year. Among these, exports were down 20.95% at 256.6984 million, and imports were up 4.13% at 706.2420 million. And the corresponding trade deficit was 449.5436 million and up 27.18%.

During the current year until 202103, CYPRUS's total exports and imports of goods were 2980.0705 million and were down 2.72% comparing to the same period of last year. Among these, exports were 635.9162 million and down 20.23%; imports were 2344.1543 million and up 3.44%. The total trade deficit was 1708.2381 million and up 16.28%.

If considering by country (region), GREECE, ITALY, SOUTH KOREA, GERMANY, UNITED KINGDOM were CYPRUS's top five trading partners. During the current year until 202103, CYPRUS's imports and exports to five countries/territories were 571.1380 million, 240.9091 million, 203.4228 million, 166.9186 million, 123.7182 million. These values correspond to 19.17%, 8.08%, 6.83%, 5.60%, 4.15% of CYPRUS's imports and exports, and, respectively, were up 9.89%, up 23.06%, up 1395.54%, up 7.00%, down 53.08% comparing to the same period of last year.

Current year until 202103, CYPRUS and the top five trade partners GREECE, UNITED KINGDOM, LEBANON, GERMANY, RUSSIA are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202103, CYPRUS's exports to these five countries/territories were 68.7839 million, 61.5662 million, 34.9348 million, 29.6744 million, 28.4680 million. These values correspond to 10.82%, 9.68%, 5.49%, 4.67%, 4.48% of CYPRUS's exports and, respectively, were down 0.80%, up 19.27%, up 1422.92%, up 57.47%, up 13.04% comparing with the same period of last year.

Current year until 202103, CYPRUS's exports to top five countries/territories GREECE, ITALY, SOUTH KOREA, GERMANY, CHINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202103, CYPRUS's imports from these five countries/territories were 502.3540 million, 226.9219 million, 199.6277 million, 137.2442 million, 100.9692 million. These values correspond to 21.43%, 9.68%, 8.52%, 5.85%, 4.31% of CYPRUS's total imports and, respectively, were up 11.53%, up 21.84%, up 1704.56%, up 0.06%, down 4.44% comparing with the same period of last year.

During the current year until 202103, the trade surplus of CYPRUS was mainly from LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LIBYA, RUSSIA, PHILIPPINES at 29.2606 million, 23.7393 million, 18.4303 million, 13.7535 million, 12.8660 million, and down 1055.30%, down 54.55%, down 62.63%, up 63.67%, down 1231.56%. And the trade deficits were mainly from GREECE, ITALY, SOUTH KOREA, GERMANY, CHINA at 433.5701 million, 212.9348 million, 195.8326 million, 107.5698 million, 92.3177 million, and up 13.77%, up 20.48%, up 2197.75%, down 9.08%, down 8.14%.

Current year until 202103, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202103,  commodities with hs2 codes, 89, 27, 30, 85, 87, were CYPRUS's top five traded commodities. They correspond to the import and export values of 507.4253 million, 435.6312 million, 211.8508 million, 179.5142 million, 167.3985 million, which were down 34.30%, down 15.59%, up 11.04%, up 31.58%, up 2.15% comparing with the same period of last year and account for 17.03%, 14.62%, 7.11%, 6.02%, 5.62% of CYPRUS's total imports and exports.

During the current year until 202103, 89, 30, 04, 27, 85 were CYPRUS's top five traded commodities, with total import and export values of 122.8734 million, 110.7844 million, 82.9860 million, 78.1134 million, 33.5022 million. These values correspond to 19.32%, 17.42%, 13.05%, 12.28%, 5.27% of CYPRUS's total exports and, respectively, were down 52.63%, up 11.32%, up 9.48%, down 41.74%, down 4.51% comparing to the same period of last year.

During the current year until 202103, 89, 27, 87, 85, 84 were CYPRUS's top five traded commodities, with total import values of 384.5519 million, 357.5178 million, 161.3853 million, 146.0120 million, 133.5038 million. These values correspond to 16.40%, 15.25%, 6.88%, 6.23%, 5.70% of CYPRUS's total exports and, respectively, were down 25.02%, down 6.41%, up 1.77%, up 44.07%, up 13.05% comparing to the same period of last year.

2. Current year until 202103, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202103, CYPRUS-China binational exports and imports of goods amounted to 109.6207 million and were down 1.07% comparing with the same period of last year. Among these, exports from CYPRUS to China were 8.6515 million and up 67.85%, imports from China to CYPRUS were 100.9692 million and down 4.44%. The total binational trade deficit was 92.3177 million and down 8.14%.

During the urrent year until 202103, commodities with hs2 code, 84, 85, 94, 29, 89, were binational trade's top five traded commodities. They correspond to import and export values of 21.6814 million, 15.7728 million, 11.1393 million, 8.4459 million, 4.4133 million and makes up 19.78%, 14.39%, 10.16%, 7.70%, 4.03% of the total binational imports and exports. These values were also up 53.12%, up 63.13%, up 10.10%, down 7.16%, down 83.03% comparing to the same period last year.

During the current year until 202103, 20, 84, 30, 90, 74 were the top five traded commodities exported to China from CYPRUS, with export values of 1.9204 million, 1.7575 million, 1.5494 million, 1.0746 million, 0.5806 million. These values account for 22.20%, 20.31%, 17.91%, 12.42%, 6.71% of CYPRUS's total exports and were down 31.33%, up 474.01%, up 1043.74%, up 81.03%, 0 comparing to the same period of last year.

During the current year until 202103, 84, 85, 94, 29, 89 were CYPRUS's top five traded commodities importing from China , with import values of 19.9239 million, 15.7557 million, 11.1391 million, 8.3457 million, 4.4133 million. These values account for 19.73%, 15.60%, 11.03%, 8.27%, 4.37% of CYPRUS's total imports and were up 43.82%, up 64.16%, up 10.09%, down 8.26%, down 83.03% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat