1.  Overview the trade of CYPRUS in goods current year until 202201

According to Dalian Infobank, in 202201, CYPRUS's exports and imports of goods amounted to 1042.8746 million, and were up 16.39% comparing with the same period of last year. Among these, exports were up 43.07% at 245.1306 million, and imports were up 10.08% at 797.7440 million. And the corresponding trade deficit was 552.6133 million and down 0.13%.

During the current year until 202201, CYPRUS's total exports and imports of goods were 1042.8746 million and were up 16.39% comparing to the same period of last year. Among these, exports were 245.1306 million and up 43.07%; imports were 797.7440 million and up 10.08%. The total trade deficit was 552.6133 million and down 0.13%.

If considering by country (region), INTRA-EU, ISRAEL, CHINA, MARSHALL ISLANDS, LEBANON were CYPRUS's top five trading partners. During the current year until 202201, CYPRUS's imports and exports to five countries/territories were 678.8400 million, 67.8386 million, 60.4072 million, 21.4000 million, 19.4034 million. These values correspond to 65.09%, 6.50%, 5.79%, 2.05%, 1.86% of CYPRUS's imports and exports, and, respectively, were 0, up 147.53%, up 79.54%, up 91.07%, up 678.68% comparing to the same period of last year.

Current year until 202201, CYPRUS and the top five trade partners INTRA-EU, MARSHALL ISLANDS, LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, ISRAEL are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202201, CYPRUS's exports to these five countries/territories were 113.1400 million, 21.4000 million, 17.5696 million, 16.9545 million, 11.3884 million. These values correspond to 46.15%, 8.73%, 7.17%, 6.92%, 4.65% of CYPRUS's exports and, respectively, were 0, 0, up 2489.02%, up 132.91%, up 147.18% comparing with the same period of last year.

Current year until 202201, CYPRUS's exports to top five countries/territories INTRA-EU, CHINA, ISRAEL, TURKEY, ARGENTINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202201, CYPRUS's imports from these five countries/territories were 565.7000 million, 58.4023 million, 56.4502 million, 16.4958 million, 11.1727 million. These values correspond to 70.91%, 7.32%, 7.08%, 2.07%, 1.40% of CYPRUS's total imports and, respectively, were 0, up 85.45%, up 147.60%, up 498.64%, up 532.68% comparing with the same period of last year.

During the current year until 202201, the trade surplus of CYPRUS was mainly from MARSHALL ISLANDS, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LEBANON, LIBERIA, LIBYA at 21.4000 million, 16.9545 million, 15.7358 million, 6.5224 million, 5.3546 million, and down 291.07%, up 132.91%, down 1486.93%, down 125.92%, up 2876.21%. And the trade deficits were mainly from INTRA-EU, CHINA, ISRAEL, TURKEY, ARGENTINA at 452.5600 million, 56.3973 million, 45.0618 million, 16.3921 million, 11.0812 million, and 0, up 92.22%, up 147.71%, up 498.59%, up 739.38%.

Current year until 202201, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202201,  commodities with hs2 codes, 99, 27, 89, 85, 30, were CYPRUS's top five traded commodities. They correspond to the import and export values of 682.7749 million, 102.9916 million, 47.0732 million, 25.7140 million, 18.2330 million, which were up 6917.17%, down 12.40%, down 73.51%, down 52.18%, down 71.39% comparing with the same period of last year and account for 65.47%, 9.88%, 4.51%, 2.47%, 1.75% of CYPRUS's total imports and exports.

During the current year until 202201, 99, 89, 27, 85, 30 were CYPRUS's top five traded commodities, with total import and export values of 116.5877 million, 39.0307 million, 34.1328 million, 13.2625 million, 11.5782 million. These values correspond to 47.56%, 15.92%, 13.92%, 5.41%, 4.72% of CYPRUS's total exports and, respectively, were up 2613.37%, up 29.64%, up 223.32%, up 126.30%, down 62.72% comparing to the same period of last year.

During the current year until 202201, 99, 27, 87, 84, 23 were CYPRUS's top five traded commodities, with total import values of 566.1871 million, 68.8588 million, 14.9932 million, 13.8692 million, 13.8492 million. These values correspond to 70.97%, 8.63%, 1.88%, 1.74%, 1.74% of CYPRUS's total exports and, respectively, were up 10320.74%, down 35.65%, down 78.73%, down 63.56%, down 16.24% comparing to the same period of last year.

2. Current year until 202201, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202201, CYPRUS-China binational exports and imports of goods amounted to 60.4072 million and were up 79.54% comparing with the same period of last year. Among these, exports from CYPRUS to China were 2.0050 million and down 6.89%, imports from China to CYPRUS were 58.4023 million and up 85.45%. The total binational trade deficit was 56.3973 million and up 92.22%.

During the urrent year until 202201, commodities with hs2 code, 84, 38, 85, 89, 94, were binational trade's top five traded commodities. They correspond to import and export values of 9.9525 million, 8.4942 million, 7.0948 million, 6.0852 million, 4.8438 million and makes up 16.48%, 14.06%, 11.74%, 10.07%, 8.02% of the total binational imports and exports. These values were also up 60.15%, up 1727.94%, up 92.82%, up 143520.49%, up 36.90% comparing to the same period last year.

During the current year until 202201, 84, 20, 22, 90, 87 were the top five traded commodities exported to China from CYPRUS, with export values of 0.7066 million, 0.6272 million, 0.2382 million, 0.2345 million, 0.1459 million. These values account for 35.24%, 31.28%, 11.88%, 11.69%, 7.28% of CYPRUS's total exports and were down 9.63%, up 65.00%, up 159.95%, down 42.88%, up 21.26% comparing to the same period of last year.

During the current year until 202201, 84, 38, 85, 89, 94 were CYPRUS's top five traded commodities importing from China , with import values of 9.2459 million, 8.4942 million, 7.0909 million, 6.0852 million, 4.8436 million. These values account for 15.83%, 14.54%, 12.14%, 10.42%, 8.29% of CYPRUS's total imports and were up 70.20%, up 1727.94%, up 93.23%, up 143520.49%, up 36.89% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat