1.  Overview the trade of CYPRUS in goods current year until 202211

According to Dalian Infobank, in 202211, CYPRUS's exports and imports of goods amounted to 1302.8307 million, and were down 15.63% comparing with the same period of last year. Among these, exports were down 22.19% at 323.1709 million, and imports were down 13.22% at 979.6598 million. And the corresponding trade deficit was 656.4889 million and down 7.99%.

During the current year until 202211, CYPRUS's total exports and imports of goods were 14717.3148 million and were up 13.34% comparing to the same period of last year. Among these, exports were 3676.5559 million and up 5.13%; imports were 11040.7589 million and up 16.36%. The total trade deficit was 7364.2031 million and up 22.92%.

If considering by country (region), GREECE, ITALY, ISRAEL, CHINA, INTRA-EU were CYPRUS's top five trading partners. During the current year until 202211, CYPRUS's imports and exports to five countries/territories were 2532.4912 million, 1107.3220 million, 917.7732 million, 867.6591 million, 714.0700 million. These values correspond to 17.21%, 7.52%, 6.24%, 5.90%, 4.85% of CYPRUS's imports and exports, and, respectively, were down 0.05%, up 9.16%, up 73.20%, up 67.08%, 0 comparing to the same period of last year.

Current year until 202211, CYPRUS and the top five trade partners STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LEBANON, 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 202211, CYPRUS's exports to these five countries/territories were 329.1042 million, 318.3069 million, 258.6584 million, 204.6379 million, 201.8926 million. These values correspond to 8.95%, 8.66%, 7.04%, 5.57%, 5.49% of CYPRUS's exports and, respectively, were up 121.86%, up 10.98%, down 5.95%, up 23.79%, down 13.95% comparing with the same period of last year.

Current year until 202211, CYPRUS's exports to top five countries/territories GREECE, ITALY, CHINA, ISRAEL, INTRA-EU are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202211, CYPRUS's imports from these five countries/territories were 2273.8328 million, 1066.3174 million, 843.5866 million, 824.2932 million, 612.0600 million. These values correspond to 20.59%, 9.66%, 7.64%, 7.47%, 5.54% of CYPRUS's total imports and, respectively, were up 0.67%, up 10.13%, up 83.19%, up 88.54%, 0 comparing with the same period of last year.

During the current year until 202211, the trade surplus of CYPRUS was mainly from STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE, LIBERIA, LIBYA at 329.1042 million, 287.0692 million, 185.6643 million, 142.6717 million, 122.5064 million, and up 121.86%, up 9.46%, up 128.98%, up 61.55%, down 38.17%. And the trade deficits were mainly from GREECE, ITALY, CHINA, ISRAEL, INTRA-EU at 2015.1744 million, 1025.3128 million, 819.5141 million, 730.8132 million, 510.0500 million, and up 1.58%, up 11.19%, up 104.02%, up 112.13%, 0.

Current year until 202211, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202211,  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 3749.5952 million, 2211.0457 million, 826.0377 million, 708.2095 million, 703.8532 million, which were up 48.58%, up 4.35%, up 689.36%, down 6.52%, up 1.14% comparing with the same period of last year and account for 25.48%, 15.02%, 5.61%, 4.81%, 4.78% of CYPRUS's total imports and exports.

During the current year until 202211, 27, 89, 30, 04, 85 were CYPRUS's top five traded commodities, with total import and export values of 1002.3264 million, 933.2436 million, 341.7932 million, 267.6786 million, 170.1271 million. These values correspond to 27.26%, 25.38%, 9.30%, 7.28%, 4.63% of CYPRUS's total exports and, respectively, were up 45.12%, down 13.33%, down 12.81%, down 10.40%, up 14.87% comparing to the same period of last year.

During the current year until 202211, 27, 89, 99, 87, 85 were CYPRUS's top five traded commodities, with total import values of 2747.2688 million, 1277.8021 million, 660.5896 million, 545.8483 million, 533.7261 million. These values correspond to 24.88%, 11.57%, 5.98%, 4.94%, 4.83% of CYPRUS's total exports and, respectively, were up 49.89%, up 22.61%, up 936.25%, down 2.71%, down 2.58% comparing to the same period of last year.

2. Current year until 202211, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202211, CYPRUS-China binational exports and imports of goods amounted to 867.6591 million and were up 67.08% comparing with the same period of last year. Among these, exports from CYPRUS to China were 24.0725 million and down 59.07%, imports from China to CYPRUS were 843.5866 million and up 83.19%. The total binational trade deficit was 819.5141 million and up 104.02%.

During the urrent year until 202211, 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 317.3802 million, 103.9541 million, 90.8744 million, 52.6581 million, 48.1091 million and makes up 36.58%, 11.98%, 10.47%, 6.07%, 5.54% of the total binational imports and exports. These values were also up 367.85%, up 17.11%, up 58.40%, up 87.68%, up 1.09% comparing to the same period last year.

During the current year until 202211, 20, 75, 84, 90, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 8.9643 million, 3.7466 million, 3.3074 million, 2.9443 million, 1.3642 million. These values account for 37.24%, 15.56%, 13.74%, 12.23%, 5.67% of CYPRUS's total exports and were down 9.00%, up 463.46%, down 5.84%, up 4.55%, up 7.82% comparing to the same period of last year.

During the current year until 202211, 89, 84, 85, 29, 94 were CYPRUS's top five traded commodities importing from China , with import values of 317.3802 million, 100.6467 million, 90.5367 million, 52.5150 million, 48.0851 million. These values account for 37.62%, 11.93%, 10.73%, 6.23%, 5.70% of CYPRUS's total imports and were up 738.01%, up 18.06%, up 58.43%, up 87.84%, up 1.12% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat