1.  Overview the trade of CYPRUS in goods current year until 202208

According to Dalian Infobank, in 202208, CYPRUS's exports and imports of goods amounted to 1196.0230 million, and were up 3.86% comparing with the same period of last year. Among these, exports were down 22.01% at 256.2153 million, and imports were up 14.19% at 939.8077 million. And the corresponding trade deficit was 683.5923 million and up 38.23%.

During the current year until 202208, CYPRUS's total exports and imports of goods were 10930.6981 million and were up 21.95% comparing to the same period of last year. Among these, exports were 2635.4400 million and up 15.37%; imports were 8295.2581 million and up 24.20%. The total trade deficit was 5659.8182 million and up 28.79%.

If considering by country (region), GREECE, ITALY, INTRA-EU, ISRAEL, CHINA were CYPRUS's top five trading partners. During the current year until 202208, CYPRUS's imports and exports to five countries/territories were 1800.5238 million, 792.3906 million, 708.9600 million, 704.3588 million, 552.3718 million. These values correspond to 16.47%, 7.25%, 6.49%, 6.44%, 5.05% of CYPRUS's imports and exports, and, respectively, were up 5.31%, up 5.86%, 0, up 94.35%, up 62.08% comparing to the same period of last year.

Current year until 202208, CYPRUS and the top five trade partners LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, GREECE, UNITED KINGDOM, LIBERIA are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202208, CYPRUS's exports to these five countries/territories were 293.2286 million, 245.1700 million, 195.9213 million, 156.4174 million, 150.0626 million. These values correspond to 11.13%, 9.30%, 7.43%, 5.94%, 5.69% of CYPRUS's exports and, respectively, were up 23.71%, up 183.11%, up 1.60%, down 15.74%, up 28.11% comparing with the same period of last year.

Current year until 202208, CYPRUS's exports to top five countries/territories GREECE, ITALY, ISRAEL, INTRA-EU, CHINA are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202208, CYPRUS's imports from these five countries/territories were 1604.6025 million, 757.4930 million, 632.4683 million, 607.6800 million, 535.3039 million. These values correspond to 19.34%, 9.13%, 7.62%, 7.33%, 6.45% of CYPRUS's total imports and, respectively, were up 5.79%, up 6.34%, up 117.68%, 0, up 68.17% comparing with the same period of last year.

During the current year until 202208, the trade surplus of CYPRUS was mainly from LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE, MARSHALL ISLANDS, LIBERIA at 269.2903 million, 245.1700 million, 117.2835 million, 109.4201 million, 88.0976 million, and up 22.26%, up 183.11%, up 161.77%, up 149.65%, up 20.99%. And the trade deficits were mainly from GREECE, ITALY, ISRAEL, CHINA, INTRA-EU at 1408.6812 million, 722.5954 million, 560.5778 million, 518.2360 million, 506.4000 million, and up 6.40%, up 6.88%, up 156.35%, up 75.19%, 0.

Current year until 202208, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202208,  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 2808.6266 million, 1569.4214 million, 788.8772 million, 516.8738 million, 514.7248 million, which were up 66.70%, up 10.63%, up 783.86%, up 8.91%, down 7.25% comparing with the same period of last year and account for 25.69%, 14.36%, 7.22%, 4.73%, 4.71% of CYPRUS's total imports and exports.

During the current year until 202208, 27, 89, 30, 04, 99 were CYPRUS's top five traded commodities, with total import and export values of 764.8427 million, 556.8066 million, 248.9793 million, 210.7510 million, 144.7289 million. These values correspond to 29.02%, 21.13%, 9.45%, 8.00%, 5.49% of CYPRUS's total exports and, respectively, were up 61.95%, up 0.09%, down 13.88%, down 13.37%, up 369.02% comparing to the same period of last year.

During the current year until 202208, 27, 89, 99, 87, 85 were CYPRUS's top five traded commodities, with total import values of 2043.7839 million, 1012.6149 million, 644.1483 million, 402.0782 million, 379.4921 million. These values correspond to 24.64%, 12.21%, 7.77%, 4.85%, 4.57% of CYPRUS's total exports and, respectively, were up 68.55%, up 17.43%, up 1003.06%, down 1.60%, up 0.37% comparing to the same period of last year.

2. Current year until 202208, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202208, CYPRUS-China binational exports and imports of goods amounted to 552.3718 million and were up 62.08% comparing with the same period of last year. Among these, exports from CYPRUS to China were 17.0679 million and down 24.13%, imports from China to CYPRUS were 535.3039 million and up 68.17%. The total binational trade deficit was 518.2360 million and up 75.19%.

During the urrent year until 202208, commodities with hs2 code, 89, 84, 85, 94, 29, were binational trade's top five traded commodities. They correspond to import and export values of 140.3088 million, 80.9570 million, 67.8977 million, 38.4029 million, 35.4986 million and makes up 25.40%, 14.66%, 12.29%, 6.95%, 6.43% of the total binational imports and exports. These values were also up 559.81%, up 17.63%, up 70.48%, up 13.49%, up 67.03% comparing to the same period last year.

During the current year until 202208, 20, 26, 90, 84, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 5.8361 million, 2.9904 million, 2.2810 million, 2.0968 million, 1.0022 million. These values account for 34.19%, 17.52%, 13.36%, 12.28%, 5.87% of CYPRUS's total exports and were down 13.22%, 0, up 7.12%, down 37.39%, down 2.15% comparing to the same period of last year.

During the current year until 202208, 89, 84, 85, 94, 29 were CYPRUS's top five traded commodities importing from China , with import values of 140.3088 million, 78.8602 million, 67.6090 million, 38.3871 million, 35.4331 million. These values account for 26.21%, 14.73%, 12.63%, 7.17%, 6.62% of CYPRUS's total imports and were up 559.81%, up 20.44%, up 70.07%, up 13.46%, up 67.51% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat