1.  Overview the trade of CYPRUS in goods current year until 202112

According to Dalian Infobank, in 202112, CYPRUS's exports and imports of goods amounted to 1131.3989 million, and were up 3.97% comparing with the same period of last year. Among these, exports were up 78.15% at 400.8669 million, and imports were down 15.37% at 730.5321 million. And the corresponding trade deficit was 329.6652 million and down 48.34%.

During the current year until 202112, CYPRUS's total exports and imports of goods were 13841.9576 million and were up 17.07% comparing to the same period of last year. Among these, exports were 3807.8023 million and up 24.31%; imports were 10034.1554 million and up 14.54%. The total trade deficit was 6226.3531 million and up 9.28%.

If considering by country (region), GREECE, ITALY, GERMANY, ISRAEL, INTRA-EU were CYPRUS's top five trading partners. During the current year until 202112, CYPRUS's imports and exports to five countries/territories were 2447.9809 million, 998.1295 million, 693.8662 million, 587.0158 million, 565.2000 million. These values correspond to 17.69%, 7.21%, 5.01%, 4.24%, 4.08% of CYPRUS's imports and exports, and, respectively, were up 13.76%, up 32.07%, up 8.18%, up 43.38%, 0 comparing to the same period of last year.

Current year until 202112, CYPRUS and the top five trade partners LEBANON, MARSHALL ISLANDS, GREECE, UNITED KINGDOM, BRITISH VIRGIN ISLANDS are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202112, CYPRUS's exports to these five countries/territories were 310.0631 million, 289.3473 million, 259.0391 million, 237.1198 million, 233.0761 million. These values correspond to 8.14%, 7.60%, 6.80%, 6.23%, 6.12% of CYPRUS's exports and, respectively, were up 230.71%, up 63.99%, down 1.19%, up 16.71%, up 1248.03% comparing with the same period of last year.

Current year until 202112, CYPRUS's exports to top five countries/territories GREECE, ITALY, GERMANY, CHINA, ISRAEL are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202112, CYPRUS's imports from these five countries/territories were 2188.9418 million, 950.5123 million, 586.4933 million, 503.3409 million, 485.7961 million. These values correspond to 21.81%, 9.47%, 5.84%, 5.02%, 4.84% of CYPRUS's total imports and, respectively, were up 15.83%, up 32.09%, up 2.27%, down 0.89%, up 54.99% comparing with the same period of last year.

During the current year until 202112, the trade surplus of CYPRUS was mainly from LEBANON, MARSHALL ISLANDS, LIBYA, BRITISH VIRGIN ISLANDS, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES at 283.0358 million, 236.0848 million, 209.2102 million, 189.6462 million, 168.9371 million, and up 306.23%, up 66.86%, up 13.00%, down 145.82%, up 41.97%. And the trade deficits were mainly from GREECE, ITALY, GERMANY, CHINA, NETHERLANDS at 1929.9026 million, 902.8952 million, 479.1204 million, 443.0547 million, 420.4932 million, and up 18.57%, up 32.12%, down 5.22%, up 7.58%, up 68.44%.

Current year until 202112, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202112,  commodities with hs2 codes, 27, 89, 30, 85, 99, were CYPRUS's top five traded commodities. They correspond to the import and export values of 2690.9839 million, 2251.0990 million, 767.6835 million, 706.5091 million, 693.0247 million, which were up 49.32%, down 3.83%, down 4.12%, up 17.08%, up 275.28% comparing with the same period of last year and account for 19.44%, 16.26%, 5.55%, 5.10%, 5.01% of CYPRUS's total imports and exports.

During the current year until 202112, 89, 27, 30, 04, 99 were CYPRUS's top five traded commodities, with total import and export values of 1203.8099 million, 733.8901 million, 401.3232 million, 303.2367 million, 159.2008 million. These values correspond to 31.61%, 19.27%, 10.54%, 7.96%, 4.18% of CYPRUS's total exports and, respectively, were up 26.09%, up 48.00%, down 6.94%, down 1.79%, up 96.54% comparing to the same period of last year.

During the current year until 202112, 27, 89, 87, 85, 99 were CYPRUS's top five traded commodities, with total import values of 1957.0938 million, 1047.2891 million, 593.2646 million, 550.1836 million, 533.8240 million. These values correspond to 19.50%, 10.44%, 5.91%, 5.48%, 5.32% of CYPRUS's total exports and, respectively, were up 49.82%, down 24.44%, down 15.97%, up 13.61%, up 414.95% comparing to the same period of last year.

2. Current year until 202112, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202112, CYPRUS-China binational exports and imports of goods amounted to 563.6270 million and were down 6.67% comparing with the same period of last year. Among these, exports from CYPRUS to China were 60.2862 million and down 37.22%, imports from China to CYPRUS were 503.3409 million and down 0.89%. The total binational trade deficit was 443.0547 million and up 7.58%.

During the urrent year until 202112, commodities with hs2 code, 84, 89, 85, 94, 29, were binational trade's top five traded commodities. They correspond to import and export values of 95.3936 million, 67.8466 million, 63.8455 million, 52.5791 million, 29.9513 million and makes up 16.92%, 12.04%, 11.33%, 9.33%, 5.31% of the total binational imports and exports. These values were also up 19.31%, down 55.64%, up 15.40%, up 18.55%, down 20.32% comparing to the same period last year.

During the current year until 202112, 89, 20, 30, 84, 90 were the top five traded commodities exported to China from CYPRUS, with export values of 29.9650 million, 10.0201 million, 4.6169 million, 3.5564 million, 3.1706 million. These values account for 49.70%, 16.62%, 7.66%, 5.90%, 5.26% of CYPRUS's total exports and were down 55.70%, up 4.65%, down 46.82%, up 312.42%, up 2.97% comparing to the same period of last year.

During the current year until 202112, 84, 85, 94, 89, 29 were CYPRUS's top five traded commodities importing from China , with import values of 91.8372 million, 63.6126 million, 52.5373 million, 37.8816 million, 29.8511 million. These values account for 18.25%, 12.64%, 10.44%, 7.53%, 5.93% of CYPRUS's total imports and were up 16.11%, up 16.73%, up 18.47%, down 55.60%, down 20.36% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat