1.  Overview the trade of CYPRUS in goods current year until 202204

According to Dalian Infobank, in 202204, CYPRUS's exports and imports of goods amounted to 1153.8257 million, and were up 3.37% comparing with the same period of last year. Among these, exports were up 4.35% at 294.4527 million, and imports were up 3.03% at 859.3730 million. And the corresponding trade deficit was 564.9203 million and up 2.36%.

During the current year until 202204, CYPRUS's total exports and imports of goods were 4861.1426 million and were up 18.01% comparing to the same period of last year. Among these, exports were 1170.2630 million and up 26.84%; imports were 3690.8797 million and up 15.46%. The total trade deficit was 2520.6167 million and up 10.85%.

If considering by country (region), GREECE, INTRA-EU, ISRAEL, ITALY, CHINA were CYPRUS's top five trading partners. During the current year until 202204, CYPRUS's imports and exports to five countries/territories were 734.5929 million, 649.1400 million, 325.8310 million, 276.5647 million, 214.2570 million. These values correspond to 15.11%, 13.35%, 6.70%, 5.69%, 4.41% of CYPRUS's imports and exports, and, respectively, were down 11.02%, 0, up 132.31%, down 13.15%, up 41.79% comparing to the same period of last year.

Current year until 202204, CYPRUS and the top five trade partners LEBANON, INTRA-EU, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, GREECE, MARSHALL ISLANDS are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202204, CYPRUS's exports to these five countries/territories were 120.7596 million, 108.1900 million, 99.7509 million, 80.9134 million, 78.2942 million. These values correspond to 10.32%, 9.24%, 8.52%, 6.91%, 6.69% of CYPRUS's exports and, respectively, were up 66.11%, 0, up 212.34%, down 15.35%, up 187.21% comparing with the same period of last year.

Current year until 202204, CYPRUS's exports to top five countries/territories GREECE, INTRA-EU, 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 202204, CYPRUS's imports from these five countries/territories were 653.6795 million, 540.9500 million, 284.1258 million, 252.9541 million, 204.7240 million. These values correspond to 17.71%, 14.66%, 7.70%, 6.85%, 5.55% of CYPRUS's total imports and, respectively, were down 10.45%, 0, up 167.73%, down 15.53%, up 48.13% comparing with the same period of last year.

During the current year until 202204, the trade surplus of CYPRUS was mainly from LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, MARSHALL ISLANDS, SEYCHELLES, TOGO at 110.5726 million, 99.7509 million, 76.3199 million, 68.9412 million, 47.3919 million, and up 72.97%, up 212.34%, up 375.20%, down 66337.38%, up 106078.90%. And the trade deficits were mainly from GREECE, INTRA-EU, ISRAEL, ITALY, CHINA at 572.7661 million, 432.7600 million, 242.4206 million, 229.3435 million, 195.1909 million, and down 9.71%, 0, up 236.74%, down 18.23%, up 55.78%.

Current year until 202204, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202204,  commodities with hs2 codes, 27, 99, 89, 30, 85, were CYPRUS's top five traded commodities. They correspond to the import and export values of 1139.6536 million, 699.4403 million, 555.5056 million, 240.0016 million, 236.2395 million, which were up 67.41%, up 1731.46%, down 15.85%, down 15.23%, up 0.37% comparing with the same period of last year and account for 23.44%, 14.39%, 11.43%, 4.94%, 4.86% of CYPRUS's total imports and exports.

During the current year until 202204, 27, 89, 99, 30, 04 were CYPRUS's top five traded commodities, with total import and export values of 288.3985 million, 221.1263 million, 126.4231 million, 113.8951 million, 81.9927 million. These values correspond to 24.64%, 18.90%, 10.80%, 9.73%, 7.01% of CYPRUS's total exports and, respectively, were up 102.05%, up 26.32%, up 800.42%, down 23.66%, down 31.69% comparing to the same period of last year.

During the current year until 202204, 27, 99, 89, 87, 85 were CYPRUS's top five traded commodities, with total import values of 851.2551 million, 573.0172 million, 334.3793 million, 170.2263 million, 167.9017 million. These values correspond to 23.06%, 15.53%, 9.06%, 4.61%, 4.55% of CYPRUS's total exports and, respectively, were up 58.21%, up 2272.74%, down 31.07%, down 18.27%, down 10.72% comparing to the same period of last year.

2. Current year until 202204, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202204, CYPRUS-China binational exports and imports of goods amounted to 214.2570 million and were up 41.79% comparing with the same period of last year. Among these, exports from CYPRUS to China were 9.5330 million and down 26.14%, imports from China to CYPRUS were 204.7240 million and up 48.13%. The total binational trade deficit was 195.1909 million and up 55.78%.

During the urrent year until 202204, commodities with hs2 code, 84, 85, 89, 29, 94, were binational trade's top five traded commodities. They correspond to import and export values of 35.1812 million, 28.6161 million, 19.4370 million, 18.2805 million, 17.4272 million and makes up 16.42%, 13.36%, 9.07%, 8.53%, 8.13% of the total binational imports and exports. These values were also up 16.76%, up 41.56%, up 75.75%, up 75.05%, up 25.99% comparing to the same period last year.

During the current year until 202204, 20, 26, 90, 84, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 2.9240 million, 2.4724 million, 0.8884 million, 0.8173 million, 0.6272 million. These values account for 30.67%, 25.93%, 9.32%, 8.57%, 6.58% of CYPRUS's total exports and were down 3.29%, 0, down 32.84%, down 67.58%, up 20.67% comparing to the same period of last year.

During the current year until 202204, 84, 85, 89, 29, 94 were CYPRUS's top five traded commodities importing from China , with import values of 34.3640 million, 28.4020 million, 19.4370 million, 18.2459 million, 17.4219 million. These values account for 16.79%, 13.87%, 9.49%, 8.91%, 8.51% of CYPRUS's total imports and were up 24.45%, up 40.75%, up 75.75%, up 76.41%, up 25.95% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat