1.  Overview the trade of CYPRUS in goods current year until 202203

According to Dalian Infobank, in 202203, CYPRUS's exports and imports of goods amounted to 1367.8220 million, and were up 40.74% comparing with the same period of last year. Among these, exports were up 9.73% at 282.9748 million, and imports were up 51.94% at 1084.8472 million. And the corresponding trade deficit was 801.8725 million and up 75.81%.

During the current year until 202203, CYPRUS's total exports and imports of goods were 3666.8887 million and were up 22.11% comparing to the same period of last year. Among these, exports were 865.3879 million and up 35.13%; imports were 2801.5008 million and up 18.58%. The total trade deficit was 1936.1129 million and up 12.43%.

If considering by country (region), INTRA-EU, GREECE, ISRAEL, ITALY, CHINA were CYPRUS's top five trading partners. During the current year until 202203, CYPRUS's imports and exports to five countries/territories were 771.3300 million, 443.9470 million, 242.4605 million, 172.8767 million, 160.2302 million. These values correspond to 21.03%, 12.11%, 6.61%, 4.71%, 4.37% of CYPRUS's imports and exports, and, respectively, were 0, down 24.22%, up 152.21%, down 29.19%, up 46.17% comparing to the same period of last year.

Current year until 202203, CYPRUS and the top five trade partners INTRA-EU, LEBANON, SEYCHELLES, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, MARSHALL ISLANDS are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202203, CYPRUS's exports to these five countries/territories were 110.1900 million, 88.0331 million, 69.1610 million, 68.2987 million, 56.3726 million. These values correspond to 12.73%, 10.17%, 7.99%, 7.89%, 6.51% of CYPRUS's exports and, respectively, were 0, up 151.99%, up 98669.05%, up 187.70%, up 197.32% comparing with the same period of last year.

Current year until 202203, CYPRUS's exports to top five countries/territories INTRA-EU, GREECE, ISRAEL, ITALY, CHINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202203, CYPRUS's imports from these five countries/territories were 661.1400 million, 391.6503 million, 211.2462 million, 160.2579 million, 154.4609 million. These values correspond to 23.60%, 13.98%, 7.54%, 5.72%, 5.51% of CYPRUS's total imports and, respectively, were 0, down 23.74%, up 194.54%, down 30.25%, up 52.98% comparing with the same period of last year.

During the current year until 202203, the trade surplus of CYPRUS was mainly from LEBANON, SEYCHELLES, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, MARSHALL ISLANDS, TOGO at 80.9376 million, 68.8687 million, 68.2987 million, 54.3982 million, 47.3908 million, and up 176.61%, down 169556.31%, up 187.70%, up 600.96%, up 328660.29%. And the trade deficits were mainly from INTRA-EU, GREECE, ISRAEL, CHINA, ITALY at 550.9500 million, 339.3536 million, 180.0319 million, 148.6916 million, 147.6391 million, and 0, down 23.09%, up 280.54%, up 61.06%, down 31.45%.

Current year until 202203, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202203,  commodities with hs2 codes, 99, 27, 89, 30, 85, were CYPRUS's top five traded commodities. They correspond to the import and export values of 813.1054 million, 772.2814 million, 443.9895 million, 174.4623 million, 164.9267 million, which were up 2963.25%, up 77.16%, down 13.10%, down 18.01%, down 8.76% comparing with the same period of last year and account for 22.17%, 21.06%, 12.11%, 4.76%, 4.50% of CYPRUS's total imports and exports.

During the current year until 202203, 27, 89, 99, 30, 04 were CYPRUS's top five traded commodities, with total import and export values of 217.8913 million, 179.7581 million, 123.3602 million, 86.2958 million, 48.5937 million. These values correspond to 25.18%, 20.77%, 14.25%, 9.97%, 5.62% of CYPRUS's total exports and, respectively, were up 178.94%, up 46.30%, up 1026.69%, down 21.96%, down 41.44% comparing to the same period of last year.

During the current year until 202203, 99, 27, 89, 85, 87 were CYPRUS's top five traded commodities, with total import values of 689.7452 million, 554.3901 million, 264.2314 million, 116.7946 million, 109.1819 million. These values correspond to 24.62%, 19.79%, 9.43%, 4.17%, 3.90% of CYPRUS's total exports and, respectively, were up 4322.86%, up 54.94%, down 31.91%, down 20.23%, down 30.50% comparing to the same period of last year.

2. Current year until 202203, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202203, CYPRUS-China binational exports and imports of goods amounted to 160.2302 million and were up 46.17% comparing with the same period of last year. Among these, exports from CYPRUS to China were 5.7693 million and down 33.31%, imports from China to CYPRUS were 154.4609 million and up 52.98%. The total binational trade deficit was 148.6916 million and up 61.06%.

During the urrent year until 202203, commodities with hs2 code, 84, 85, 94, 29, 38, were binational trade's top five traded commodities. They correspond to import and export values of 26.9642 million, 22.8882 million, 14.8080 million, 13.8745 million, 12.4982 million and makes up 16.83%, 14.28%, 9.24%, 8.66%, 7.80% of the total binational imports and exports. These values were also up 24.37%, up 45.11%, up 32.94%, up 64.28%, up 660.68% comparing to the same period last year.

During the current year until 202203, 20, 90, 84, 22, 87 were the top five traded commodities exported to China from CYPRUS, with export values of 2.2671 million, 0.8588 million, 0.8126 million, 0.5376 million, 0.5263 million. These values account for 39.30%, 14.89%, 14.09%, 9.32%, 9.12% of CYPRUS's total exports and were up 18.05%, down 20.08%, down 53.76%, up 51.12%, up 221.86% comparing to the same period of last year.

During the current year until 202203, 84, 85, 94, 29, 38 were CYPRUS's top five traded commodities importing from China , with import values of 26.1515 million, 22.7293 million, 14.8028 million, 13.8399 million, 12.4982 million. These values account for 16.93%, 14.72%, 9.58%, 8.96%, 8.09% of CYPRUS's total imports and were up 31.26%, up 44.26%, up 32.89%, up 65.83%, up 661.30% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat