1.  Overview the trade of CYPRUS in goods current year until 202108

According to Dalian Infobank, in 202108, CYPRUS's exports and imports of goods amounted to 1064.1301 million, and were up 29.98% comparing with the same period of last year. Among these, exports were up 57.13% at 365.3361 million, and imports were up 19.21% at 698.7940 million. And the corresponding trade deficit was 333.4579 million and down 5.72%.

During the current year until 202108, CYPRUS's total exports and imports of goods were 8808.5141 million and were up 17.58% comparing to the same period of last year. Among these, exports were 2287.5053 million and up 6.61%; imports were 6521.0088 million and up 21.98%. The total trade deficit was 4233.5034 million and up 32.28%.

If considering by country (region), GREECE, INTRA-EU, ITALY, GERMANY, ISRAEL were CYPRUS's top five trading partners. During the current year until 202108, CYPRUS's imports and exports to five countries/territories were 1524.7932 million, 588.6000 million, 581.3763 million, 468.0320 million, 362.4170 million. These values correspond to 17.31%, 6.68%, 6.60%, 5.31%, 4.11% of CYPRUS's imports and exports, and, respectively, were up 10.97%, 0, up 24.29%, up 13.35%, up 23.85% comparing to the same period of last year.

Current year until 202108, CYPRUS and the top five trade partners LEBANON, GREECE, LIBYA, UNITED KINGDOM, INTRA-EU are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202108, CYPRUS's exports to these five countries/territories were 237.0199 million, 170.3902 million, 170.1591 million, 167.3102 million, 117.7200 million. These values correspond to 10.36%, 7.45%, 7.44%, 7.31%, 5.15% of CYPRUS's exports and, respectively, were up 439.47%, down 4.54%, up 26.95%, up 21.02%, 0 comparing with the same period of last year.

Current year until 202108, CYPRUS's exports to top five countries/territories GREECE, ITALY, INTRA-EU, GERMANY, CHINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202108, CYPRUS's imports from these five countries/territories were 1354.4030 million, 547.5087 million, 470.8800 million, 379.2380 million, 318.3026 million. These values correspond to 20.77%, 8.40%, 7.22%, 5.82%, 4.88% of CYPRUS's total imports and, respectively, were up 13.29%, up 22.63%, 0, up 4.74%, down 11.94% comparing with the same period of last year.

During the current year until 202108, the trade surplus of CYPRUS was mainly from LEBANON, LIBYA, NORWAY, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LIBERIA at 220.2617 million, 170.1583 million, 87.5375 million, 86.5992 million, 72.8143 million, and up 612.15%, up 26.95%, down 488.41%, down 4.00%, down 63.88%. And the trade deficits were mainly from GREECE, ITALY, INTRA-EU, CHINA, GERMANY at 1184.0129 million, 513.6410 million, 353.1600 million, 295.8062 million, 290.4440 million, and up 16.41%, up 20.81%, 0, up 8.14%, down 6.68%.

Current year until 202108, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202108,  commodities with hs2 codes, 27, 89, 99, 30, 85, were CYPRUS's top five traded commodities. They correspond to the import and export values of 1592.7967 million, 1295.7578 million, 677.8378 million, 518.3698 million, 432.3789 million, which were up 31.68%, down 14.60%, up 714.68%, down 0.97%, up 18.39% comparing with the same period of last year and account for 18.08%, 14.71%, 7.70%, 5.88%, 4.91% of CYPRUS's total imports and exports.

During the current year until 202108, 89, 27, 30, 04, 99 were CYPRUS's top five traded commodities, with total import and export values of 529.0986 million, 462.8382 million, 272.3900 million, 222.2978 million, 149.0594 million. These values correspond to 23.13%, 20.23%, 11.91%, 9.72%, 6.52% of CYPRUS's total exports and, respectively, were down 26.00%, up 29.45%, down 2.15%, up 0.89%, up 187.02% comparing to the same period of last year.

During the current year until 202108, 27, 89, 99, 87, 84 were CYPRUS's top five traded commodities, with total import values of 1129.9584 million, 766.6591 million, 528.7784 million, 388.4787 million, 346.7096 million. These values correspond to 17.33%, 11.76%, 8.11%, 5.96%, 5.32% of CYPRUS's total exports and, respectively, were up 32.61%, down 4.43%, up 1591.01%, down 6.58%, down 1.94% comparing to the same period of last year.

2. Current year until 202108, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202108, CYPRUS-China binational exports and imports of goods amounted to 340.7990 million and were down 24.16% comparing with the same period of last year. Among these, exports from CYPRUS to China were 22.4964 million and down 74.41%, imports from China to CYPRUS were 318.3026 million and down 11.94%. The total binational trade deficit was 295.8062 million and up 8.14%.

During the urrent year until 202108, commodities with hs2 code, 84, 85, 94, 89, 29, were binational trade's top five traded commodities. They correspond to import and export values of 68.8248 million, 39.8265 million, 33.8369 million, 21.2652 million, 21.2528 million and makes up 20.20%, 11.69%, 9.93%, 6.24%, 6.24% of the total binational imports and exports. These values were also up 23.52%, up 37.84%, up 17.34%, down 85.41%, down 15.09% comparing to the same period last year.

During the current year until 202108, 20, 30, 84, 74, 90 were the top five traded commodities exported to China from CYPRUS, with export values of 6.7249 million, 4.1238 million, 3.3487 million, 2.2731 million, 2.1293 million. These values account for 29.89%, 18.33%, 14.89%, 10.10%, 9.47% of CYPRUS's total exports and were up 1.90%, down 40.26%, up 481.61%, 0, up 12.70% comparing to the same period of last year.

During the current year until 202108, 84, 85, 94, 89, 29 were CYPRUS's top five traded commodities importing from China , with import values of 65.4761 million, 39.7533 million, 33.8337 million, 21.2652 million, 21.1526 million. These values account for 20.57%, 12.49%, 10.63%, 6.68%, 6.65% of CYPRUS's total imports and were up 18.74%, up 38.44%, up 17.34%, down 72.76%, down 15.13% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat