1.  Overview the trade of CYPRUS in goods current year until 202212

According to Dalian Infobank, in 202212, CYPRUS's exports and imports of goods amounted to 1432.0917 million, and were up 18.12% comparing with the same period of last year. Among these, exports were up 59.09% at 621.8054 million, and imports were down 1.37% at 810.2863 million. And the corresponding trade deficit was 188.4809 million and down 56.23%.

During the current year until 202212, CYPRUS's total exports and imports of goods were 16222.8982 million and were up 14.27% comparing to the same period of last year. Among these, exports were 4331.8479 million and up 11.42%; imports were 11891.0504 million and up 15.34%. The total trade deficit was 7559.2025 million and up 17.71%.

If considering by country (region), GREECE, ITALY, ISRAEL, CHINA, GERMANY were CYPRUS's top five trading partners. During the current year until 202212, CYPRUS's imports and exports to five countries/territories were 2803.5387 million, 1185.2912 million, 985.8035 million, 961.5562 million, 676.2960 million. These values correspond to 17.28%, 7.31%, 6.08%, 5.93%, 4.17% of CYPRUS's imports and exports, and, respectively, were up 1.66%, up 8.29%, up 68.39%, up 70.38%, down 10.41% comparing to the same period of last year.

Current year until 202212, CYPRUS and the top five trade partners HONG KONG, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LEBANON, GREECE, LIBERIA are the top five countries/territories that CYPRUS exports to in terms of the total export amount. During the current year until 202212, CYPRUS's exports to these five countries/territories were 469.6083 million, 347.2332 million, 319.1850 million, 281.4976 million, 248.5827 million. These values correspond to 10.84%, 8.02%, 7.37%, 6.50%, 5.74% of CYPRUS's exports and, respectively, were up 706.81%, up 105.54%, up 2.94%, down 7.86%, up 31.23% comparing with the same period of last year.

Current year until 202212, CYPRUS's exports to top five countries/territories GREECE, ITALY, CHINA, ISRAEL, GERMANY are the top five countries/territories that CYPRUS imports from in terms of the total export amount. During the current year until 202212, CYPRUS's imports from these five countries/territories were 2522.0411 million, 1139.5095 million, 935.3670 million, 881.7887 million, 576.9753 million. These values correspond to 21.21%, 9.58%, 7.87%, 7.42%, 4.85% of CYPRUS's total imports and, respectively, were up 2.84%, up 9.14%, up 85.52%, up 81.51%, down 9.64% comparing with the same period of last year.

During the current year until 202212, the trade surplus of CYPRUS was mainly from HONG KONG, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF TRADE WITH THIRD COUNTRIES, LEBANON, STORES AND PROVISIONS WITHIN THE FRAMEWORK OF INTRA-EU TRADE, LIBERIA at 438.2566 million, 347.2332 million, 285.1480 million, 202.6015 million, 186.6165 million, and up 5071.67%, up 105.54%, up 0.75%, up 126.87%, up 66.00%. And the trade deficits were mainly from GREECE, ITALY, CHINA, ISRAEL, GERMANY at 2240.5435 million, 1093.7278 million, 909.1778 million, 777.7739 million, 477.6546 million, and up 4.37%, up 10.08%, up 104.76%, up 101.39%, down 8.53%.

Current year until 202212, CYPRUS's trade surplus or deficit with top five countries/territories During the current year until 202212,  commodities with hs2 codes, 27, 89, 85, 30, 99, were CYPRUS's top five traded commodities. They correspond to the import and export values of 3945.1723 million, 2744.5727 million, 784.1267 million, 775.9459 million, 764.1257 million, which were up 44.19%, up 17.06%, up 0.78%, down 4.70%, up 502.40% comparing with the same period of last year and account for 24.32%, 16.92%, 4.83%, 4.78%, 4.71% of CYPRUS's total imports and exports.

During the current year until 202212, 89, 27, 30, 04, 85 were CYPRUS's top five traded commodities, with total import and export values of 1401.2682 million, 1036.4007 million, 376.7257 million, 291.5547 million, 181.0887 million. These values correspond to 32.35%, 23.93%, 8.70%, 6.73%, 4.18% of CYPRUS's total exports and, respectively, were up 10.00%, up 39.67%, down 9.79%, down 8.56%, up 7.54% comparing to the same period of last year.

During the current year until 202212, 27, 89, 87, 85, 99 were CYPRUS's top five traded commodities, with total import values of 2908.7717 million, 1343.3045 million, 616.9631 million, 603.0381 million, 585.7688 million. These values correspond to 24.46%, 11.30%, 5.19%, 5.07%, 4.93% of CYPRUS's total exports and, respectively, were up 45.87%, up 25.45%, down 0.05%, down 1.08%, up 608.94% comparing to the same period of last year.

2. Current year until 202212, CYPRUS binational trade profile

According to Dalian Infobank, during the current year until 202212, CYPRUS-China binational exports and imports of goods amounted to 961.5562 million and were up 70.38% comparing with the same period of last year. Among these, exports from CYPRUS to China were 26.1892 million and down 56.48%, imports from China to CYPRUS were 935.3670 million and up 85.52%. The total binational trade deficit was 909.1778 million and up 104.76%.

During the urrent year until 202212, 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 358.0802 million, 109.4307 million, 102.6677 million, 55.7732 million, 52.1835 million and makes up 37.24%, 11.38%, 10.68%, 5.80%, 5.43% of the total binational imports and exports. These values were also up 427.78%, up 14.66%, up 60.57%, up 86.21%, down 0.76% comparing to the same period last year.

During the current year until 202212, 20, 75, 84, 90, 22 were the top five traded commodities exported to China from CYPRUS, with export values of 9.1324 million, 4.4433 million, 3.3298 million, 3.1461 million, 1.4011 million. These values account for 34.87%, 16.97%, 12.71%, 12.01%, 5.35% of CYPRUS's total exports and were down 8.86%, up 239.38%, down 6.37%, down 0.77%, up 9.93% comparing to the same period of last year.

During the current year until 202212, 89, 84, 85, 29, 94 were CYPRUS's top five traded commodities importing from China , with import values of 358.0802 million, 106.1008 million, 102.1262 million, 55.6301 million, 52.1593 million. These values account for 38.28%, 11.34%, 10.92%, 5.95%, 5.58% of CYPRUS's total imports and were up 845.26%, up 15.47%, up 60.30%, up 86.36%, down 0.73% comparing with the same period of last year.

3.Analysis of import and export trends

Data Source: Eurostat