1.  Overview the trade of CYPRUS in goods current year until 202207

According to Dalian Infobank, in 202207, CYPRUS's exports and imports of goods amounted to 1458.6914 million, and were up 8.51% comparing with the same period of last year. Among these, exports were down 2.62% at 399.6581 million, and imports were up 13.40% at 1059.0334 million. And the corresponding trade deficit was 659.3753 million and up 25.96%.

During the current year until 202207, CYPRUS's total exports and imports of goods were 9683.7202 million and were up 23.97% comparing to the same period of last year. Among these, exports were 2357.7164 million and up 20.55%; imports were 7326.0037 million and up 25.11%. The total trade deficit was 4968.2873 million and up 27.39%.

If considering by country (region), GREECE, INTRA-EU, ITALY, ISRAEL, CHINA were CYPRUS's top five trading partners. During the current year until 202207, CYPRUS's imports and exports to five countries/territories were 1554.5280 million, 712.5300 million, 674.4530 million, 615.0198 million, 473.4594 million. These values correspond to 16.05%, 7.36%, 6.96%, 6.35%, 4.89% of CYPRUS's imports and exports, and, respectively, were up 0.55%, 0, up 14.39%, up 101.66%, up 60.85% comparing to the same period of last year.

Current year until 202207, CYPRUS and the top five trade partners LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, GREECE, LIBERIA, UNITED KINGDOM are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202207, CYPRUS's exports to these five countries/territories were 251.2192 million, 208.6100 million, 163.7721 million, 136.3651 million, 136.2667 million. These values correspond to 10.66%, 8.85%, 6.95%, 5.78%, 5.78% of CYPRUS's exports and, respectively, were up 27.84%, up 197.43%, down 7.10%, up 277.42%, down 18.55% comparing with the same period of last year.

Current year until 202207, CYPRUS's exports to top five countries/territories GREECE, ITALY, INTRA-EU, ISRAEL, CHINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202207, CYPRUS's imports from these five countries/territories were 1390.7559 million, 641.5065 million, 610.7400 million, 550.5630 million, 458.4235 million. These values correspond to 18.98%, 8.76%, 8.34%, 7.52%, 6.26% of CYPRUS's total imports and, respectively, were up 1.53%, up 15.52%, 0, up 130.74%, up 67.03% comparing with the same period of last year.

During the current year until 202207, the trade surplus of CYPRUS was mainly from LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, MARSHALL ISLANDS, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE, LIBYA at 229.7676 million, 208.6100 million, 109.4201 million, 92.4737 million, 78.8867 million, and up 26.74%, up 197.43%, up 186.83%, up 161.79%, down 41.50%. And the trade deficits were mainly from GREECE, ITALY, INTRA-EU, ISRAEL, CHINA at 1226.9837 million, 608.5600 million, 508.9500 million, 486.1062 million, 443.3876 million, and up 2.81%, up 16.80%, 0, up 182.23%, up 74.17%.

Current year until 202207, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202207,  commodities with hs2 codes, 27, 89, 99, 85, 30, were CYPRUS's top five traded commodities. They correspond to the import and export values of 2436.7585 million, 1497.2477 million, 787.0509 million, 447.5468 million, 446.9300 million, which were up 71.39%, up 25.73%, up 904.99%, up 6.33%, down 10.88% comparing with the same period of last year and account for 25.16%, 15.46%, 8.13%, 4.62%, 4.62% of CYPRUS's total imports and exports.

During the current year until 202207, 27, 89, 30, 04, 99 were CYPRUS's top five traded commodities, with total import and export values of 662.0956 million, 521.7181 million, 218.4804 million, 181.7403 million, 140.1517 million. These values correspond to 28.08%, 22.13%, 9.27%, 7.71%, 5.94% of CYPRUS's total exports and, respectively, were up 71.86%, up 17.83%, down 16.51%, down 17.40%, up 425.98% comparing to the same period of last year.

During the current year until 202207, 27, 89, 99, 87, 84 were CYPRUS's top five traded commodities, with total import values of 1774.6629 million, 975.5296 million, 646.8992 million, 332.9992 million, 327.5251 million. These values correspond to 24.22%, 13.32%, 8.83%, 4.55%, 4.47% of CYPRUS's total exports and, respectively, were up 71.21%, up 30.41%, up 1152.02%, down 7.42%, down 5.80% comparing to the same period of last year.

2. Current year until 202207, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202207, CYPRUS-China binational exports and imports of goods amounted to 473.4594 million and were up 60.85% comparing with the same period of last year. Among these, exports from CYPRUS to China were 15.0359 million and down 24.40%, imports from China to CYPRUS were 458.4235 million and up 67.03%. The total binational trade deficit was 443.3876 million and up 74.17%.

During the urrent year until 202207, 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 114.6319 million, 70.0359 million, 56.1894 million, 34.1249 million, 33.2521 million and makes up 24.21%, 14.79%, 11.87%, 7.21%, 7.02% of the total binational imports and exports. These values were also up 573.51%, up 14.72%, up 60.63%, up 86.11%, up 15.71% comparing to the same period last year.

During the current year until 202207, 20, 26, 90, 84, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 5.0021 million, 2.8598 million, 2.1292 million, 1.6767 million, 0.9573 million. These values account for 33.27%, 19.02%, 14.16%, 11.15%, 6.37% of CYPRUS's total exports and were down 14.73%, 0, up 13.07%, down 49.33%, up 1.39% comparing to the same period of last year.

During the current year until 202207, 89, 84, 85, 29, 94 were CYPRUS's top five traded commodities importing from China , with import values of 114.6319 million, 68.3593 million, 55.9026 million, 34.0595 million, 33.2469 million. These values account for 25.01%, 14.91%, 12.19%, 7.43%, 7.25% of CYPRUS's total imports and were up 573.51%, up 18.39%, up 60.13%, up 86.77%, up 15.70% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat