1.  Overview the trade of CYPRUS in goods current year until 202206

According to Dalian Infobank, in 202206, CYPRUS's exports and imports of goods amounted to 1530.9442 million, and were up 20.62% comparing with the same period of last year. Among these, exports were down 21.06% at 278.2396 million, and imports were up 36.65% at 1252.7046 million. And the corresponding trade deficit was 974.4650 million and up 72.69%.

During the current year until 202206, CYPRUS's total exports and imports of goods were 8151.0820 million and were up 26.04% comparing to the same period of last year. Among these, exports were 1911.2722 million and up 23.68%; imports were 6239.8098 million and up 26.78%. The total trade deficit was 4328.5376 million and up 28.19%.

If considering by country (region), GREECE, INTRA-EU, ITALY, ISRAEL, CHINA were CYPRUS's top five trading partners. During the current year until 202206, CYPRUS's imports and exports to five countries/territories were 1256.1843 million, 739.6200 million, 568.0095 million, 523.9575 million, 413.7228 million. These values correspond to 15.41%, 9.07%, 6.97%, 6.43%, 5.08% of CYPRUS's imports and exports, and, respectively, were down 2.01%, 0, up 18.98%, up 121.57%, up 68.69% comparing to the same period of last year.

Current year until 202206, CYPRUS and the top five trade partners LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, GREECE, UNITED KINGDOM, INTRA-EU are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202206, CYPRUS's exports to these five countries/territories were 183.4091 million, 177.1123 million, 138.3529 million, 115.1791 million, 105.6600 million. These values correspond to 9.60%, 9.27%, 7.24%, 6.03%, 5.53% of CYPRUS's exports and, respectively, were up 15.81%, up 215.27%, down 3.68%, down 19.92%, 0 comparing with the same period of last year.

Current year until 202206, 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 202206, CYPRUS's imports from these five countries/territories were 1117.8314 million, 633.9600 million, 537.9156 million, 468.0466 million, 400.7717 million. These values correspond to 17.91%, 10.16%, 8.62%, 7.50%, 6.42% of CYPRUS's total imports and, respectively, were down 1.79%, 0, up 20.69%, up 166.10%, up 75.93% comparing with the same period of last year.

During the current year until 202206, the trade surplus of CYPRUS was mainly from STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LEBANON, MARSHALL ISLANDS, SEYCHELLES, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE at 177.1123 million, 167.4975 million, 79.0701 million, 69.0530 million, 66.5053 million, and up 215.27%, up 14.80%, up 399.99%, down 40931.74%, up 157.59%. And the trade deficits were mainly from GREECE, INTRA-EU, ITALY, ISRAEL, CHINA at 979.4786 million, 528.3000 million, 507.8216 million, 412.1357 million, 387.8207 million, and down 1.52%, 0, up 22.67%, up 257.41%, up 84.37%.

Current year until 202206, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202206,  commodities with hs2 codes, 27, 89, 99, 30, 85, were CYPRUS's top five traded commodities. They correspond to the import and export values of 1974.5635 million, 1216.0379 million, 807.9892 million, 383.0484 million, 371.5189 million, which were up 78.56%, up 27.06%, up 1136.24%, down 9.97%, up 3.85% comparing with the same period of last year and account for 24.22%, 14.92%, 9.91%, 4.70%, 4.56% of CYPRUS's total imports and exports.

During the current year until 202206, 27, 89, 30, 04, 99 were CYPRUS's top five traded commodities, with total import and export values of 532.8463 million, 365.2900 million, 187.2778 million, 151.5563 million, 138.2427 million. These values correspond to 27.88%, 19.11%, 9.80%, 7.93%, 7.23% of CYPRUS's total exports and, respectively, were up 82.05%, up 22.30%, down 16.61%, down 19.09%, up 519.15% comparing to the same period of last year.

During the current year until 202206, 27, 89, 99, 87, 84 were CYPRUS's top five traded commodities, with total import values of 1441.7173 million, 850.7479 million, 669.7465 million, 285.1229 million, 274.5236 million. These values correspond to 23.11%, 13.63%, 10.73%, 4.57%, 4.40% of CYPRUS's total exports and, respectively, were up 77.30%, up 29.22%, up 1456.44%, down 7.97%, down 5.82% comparing to the same period of last year.

2. Current year until 202206, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202206, CYPRUS-China binational exports and imports of goods amounted to 413.7228 million and were up 68.69% comparing with the same period of last year. Among these, exports from CYPRUS to China were 12.9510 million and down 25.80%, imports from China to CYPRUS were 400.7717 million and up 75.93%. The total binational trade deficit was 387.8207 million and up 84.37%.

During the urrent year until 202206, commodities with hs2 code, 89, 84, 85, 29, 94, were binational trade's top five traded commodities. They correspond to import and export values of 114.6295 million, 56.8224 million, 47.6751 million, 28.7014 million, 26.7431 million and makes up 27.71%, 13.73%, 11.52%, 6.94%, 6.46% of the total binational imports and exports. These values were also up 573.56%, up 15.55%, up 57.87%, up 90.08%, up 16.72% comparing to the same period last year.

During the current year until 202206, 20, 26, 90, 84, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 3.9770 million, 2.4724 million, 1.9957 million, 1.5614 million, 0.8374 million. These values account for 30.71%, 19.09%, 15.41%, 12.06%, 6.47% of CYPRUS's total exports and were down 17.07%, 0, up 19.13%, down 47.35%, down 1.63% comparing to the same period of last year.

During the current year until 202206, 89, 84, 85, 29, 94 were CYPRUS's top five traded commodities importing from China , with import values of 114.6295 million, 55.2610 million, 47.4104 million, 28.6668 million, 26.7378 million. These values account for 28.60%, 13.79%, 11.83%, 7.15%, 6.67% of CYPRUS's total imports and were up 573.56%, up 19.59%, up 57.28%, up 91.12%, up 16.70% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat