articles | 23 May 2022

Cyprus exports up by 55% in Jan-Feb 2022

Total exports of goods to the EU Member States and to third countries in January - February 2022 increased by 55.2%, compared to the same period last year, according to the monthly report published by the Statistical Service of Cyprus. At the same time, the trade deficit fell to €955 million in the first two months of this year compared to €999.1 million in the first two months of 2021.

According to official data, the total exports for this period amounted to €521 million compared to €335.7 million in the same period of 2021.

At the same time, total imports of goods from the EU Member States and from third countries in January - February 2022 amounted to €1,476 million as compared to €1,334.8 million in January - February 2021, recording an increase of 10.6%.

The trade deficit was €955 million in January - February 2022 compared to €999.1 million in the corresponding period of 2021.

According to the data published, the European Union was the main source of supply of goods to Cyprus with a share of €978.6 million of total imports, while imports from all other European countries totaled €112.8 million in January - February 2022. Imports from the rest of the world amounted to €384.6 million.

Exports to the European Union accounted for €137.4 million, while exports to all other European countries for €44.1 million in January - February 2022. Exports to the rest of the world amounted to €339.5 million.

The monthly electronic publication “Intra & Extra EU Trade Statistics (by commodity and country)” for January - February 2022 is available for download free of charge from the CYSTAT portal.

Source: Knews

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