1.  Overview the trade of CYPRUS in goods current year until 202205

According to Dalian Infobank, in 202205, CYPRUS's exports and imports of goods amounted to 1637.8486 million, and were up 51.80% comparing with the same period of last year. Among these, exports were up 49.78% at 404.8573 million, and imports were up 52.48% at 1232.9913 million. And the corresponding trade deficit was 828.1340 million and up 53.84%.

During the current year until 202205, CYPRUS's total exports and imports of goods were 6568.9330 million and were up 26.37% comparing to the same period of last year. Among these, exports were 1582.7188 million and up 32.68%; imports were 4986.2141 million and up 24.49%. The total trade deficit was 3403.4953 million and up 21.02%.

If considering by country (region), GREECE, INTRA-EU, ISRAEL, ITALY, CHINA were CYPRUS's top five trading partners. During the current year until 202205, CYPRUS's imports and exports to five countries/territories were 978.7080 million, 846.3200 million, 420.2811 million, 400.8991 million, 276.8257 million. These values correspond to 14.90%, 12.88%, 6.40%, 6.10%, 4.21% of CYPRUS's imports and exports, and, respectively, were down 4.75%, 0, up 130.09%, down 2.03%, up 40.85% comparing to the same period of last year.

Current year until 202205, CYPRUS and the top five trade partners LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, INTRA-EU, 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 202205, CYPRUS's exports to these five countries/territories were 144.2883 million, 134.1792 million, 105.7900 million, 103.5829 million, 92.5455 million. These values correspond to 9.12%, 8.48%, 6.68%, 6.54%, 5.85% of CYPRUS's exports and, respectively, were up 39.03%, up 204.52%, 0, down 12.47%, up 234.49% comparing with the same period of last year.

Current year until 202205, CYPRUS's exports to top five countries/territories GREECE, INTRA-EU, ITALY, ISRAEL, CHINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202205, CYPRUS's imports from these five countries/territories were 875.1251 million, 740.5300 million, 373.6915 million, 371.5043 million, 264.8580 million. These values correspond to 17.55%, 14.85%, 7.49%, 7.45%, 5.31% of CYPRUS's total imports and, respectively, were down 3.74%, 0, down 3.40%, up 159.97%, up 45.82% comparing with the same period of last year.

During the current year until 202205, the trade surplus of CYPRUS was mainly from STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LEBANON, MARSHALL ISLANDS, SEYCHELLES, LIBYA at 134.1792 million, 131.6433 million, 79.0701 million, 68.9916 million, 49.2523 million, and up 204.52%, up 40.62%, up 380.15%, down 38524.94%, down 43.66%. And the trade deficits were mainly from GREECE, INTRA-EU, ITALY, ISRAEL, CHINA at 771.5422 million, 634.7400 million, 346.4839 million, 322.7275 million, 252.8903 million, and down 2.43%, 0, down 4.94%, up 212.87%, up 51.69%.

Current year until 202205, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202205,  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 1597.7382 million, 905.9120 million, 775.6882 million, 311.6325 million, 305.2760 million, which were up 85.97%, up 1666.32%, down 0.77%, down 10.50%, up 4.47% comparing with the same period of last year and account for 24.32%, 13.79%, 11.81%, 4.74%, 4.65% of CYPRUS's total imports and exports.

During the current year until 202205, 27, 89, 30, 99, 04 were CYPRUS's top five traded commodities, with total import and export values of 434.2980 million, 321.9717 million, 150.0509 million, 130.1195 million, 115.6911 million. These values correspond to 27.44%, 20.34%, 9.48%, 8.22%, 7.31% of CYPRUS's total exports and, respectively, were up 109.57%, up 59.92%, down 17.96%, up 600.15%, down 24.00% comparing to the same period of last year.

During the current year until 202205, 27, 99, 89, 87, 84 were CYPRUS's top five traded commodities, with total import values of 1163.4402 million, 775.7926 million, 453.7165 million, 235.1909 million, 219.8115 million. These values correspond to 23.33%, 15.56%, 9.10%, 4.72%, 4.41% of CYPRUS's total exports and, respectively, were up 78.47%, up 2272.19%, down 21.82%, down 7.38%, down 7.78% comparing to the same period of last year.

2. Current year until 202205, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202205, CYPRUS-China binational exports and imports of goods amounted to 276.8257 million and were up 40.85% comparing with the same period of last year. Among these, exports from CYPRUS to China were 11.9677 million and down 19.77%, imports from China to CYPRUS were 264.8580 million and up 45.82%. The total binational trade deficit was 252.8903 million and up 51.69%.

During the urrent year until 202205, 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 47.1568 million, 40.2325 million, 25.5250 million, 23.0990 million, 22.1057 million and makes up 17.03%, 14.53%, 9.22%, 8.34%, 7.99% of the total binational imports and exports. These values were also up 15.07%, up 58.48%, up 130.11%, up 78.80%, up 28.54% comparing to the same period last year.

During the current year until 202205, 20, 26, 90, 84, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 3.4755 million, 2.4724 million, 1.7271 million, 1.4921 million, 0.7857 million. These values account for 29.04%, 20.66%, 14.43%, 12.47%, 6.57% of CYPRUS's total exports and were down 12.04%, 0, up 15.95%, down 44.74%, up 22.70% comparing to the same period of last year.

During the current year until 202205, 84, 85, 89, 29, 94 were CYPRUS's top five traded commodities importing from China , with import values of 45.6647 million, 40.0143 million, 25.5250 million, 23.0644 million, 22.1004 million. These values account for 17.24%, 15.11%, 9.64%, 8.71%, 8.34% of CYPRUS's total imports and were up 19.29%, up 57.96%, up 130.11%, up 79.92%, up 28.52% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat