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Foreign
Trade Statistics: October 2022 (Final Data) and November 2022 (Provisional
Data) |
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Annual Change in November, +5,0%
in Imports and -14,2% in Exports November 2022, Provisional Data Total imports of goods in November 2022 were €983,5 mn as compared to €937,1 mn in November 2021, recording an increase of 5,0%. Imports from other EU member states were €575,5 mn and from third countries €408,0 mn, compared to €525,5 mn and €411,6 mn respectively in November 2021. Imports in November 2022 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €153,3 mn as compared to €157,8 mn in November 2021. Total exports of goods in
November 2022 were €317,3 mn as compared to €369,6 mn in November 2021,
recording a decrease of 14,2%. Exports to other EU member states were €76,8
mn and to third countries €240,5 mn, compared to €101,0 mn and €268,6 mn
respectively in November 2021. Exports in November 2022 include the transfer
of economic ownership of mobile transport equipment (vessels), with total
value of €132,6 mn as compared to €148,4 mn in November 2021. Total imports of goods in
January–November 2022 amounted to €10.378,2 mn as compared to €7.928,1 mn in
January–November 2021, recording an increase of 30,9%. Total exports of goods
in January–November 2022 were €3.558,6 mn compared to €3.022,0 mn in
January–November 2021, registering an increase of 17,8%. The trade deficit
was €6.819,7 mn in January–November 2022 compared to €4.906,1 mn in the
corresponding period of 2021.  October 2022, Final Data Total imports of goods amounted
to €910,0 mn in October 2022 as compared to €723,4 mn in October 2021,
recording an increase of 25,8%. Exports of domestically
produced products, including stores and provisions, in October 2022 were
€163,2 mn as compared to €100,6 mn in October 2021, recording an increase of
62,2%. Domestic exports of industrial products in October 2022 were €156,7 mn
compared to €94,3 mn in October 2021, whilst domestic exports of agricultural
products in October 2022 were €5,0 mn compared to €5,1 mn in October 2021. Exports of foreign products,
including stores and provisions, in October 2022 were €252,9 mn as compared
to €361,9 mn in October 2021, recording a decrease of 30,1%. 
Methodological Information Statistical Value The statistical value is the
value of the goods at the time and place they cross the border of Cyprus. Domestic and Foreign Goods Domestically produced goods are goods wholly obtained in Cyprus or
goods produced in another country but their last economically substantial
processing or processing that led to the manufacture of a new product or
representing an important stage of manufacture, took place in Cyprus. Goods
that were originally imported and have undergone repair or other minor
operations which leave them essentially unchanged are not defined as
domestic. Foreign goods are goods which were not produced in the economic territory of
Cyprus and compensating goods obtained under the outward processing procedure
when such processing confers foreign origin. Partner Country Intra-EU exports and extra-EU
exports are classified by the member state of the EU and
country of final destination of the goods, respectively. The last country to
which the goods are known to be specifically directed on their outward
movement from the reporting country is regarded as their final destination. For extra-EU imports,
the trading partner is the country of origin. In general, goods obtained
entirely from a given country originate in that country. A product in the
production of which two or more countries are involved, is considered as
originating in the country in which the last substantial, economically
justified transformation or processing took place, resulting in the
manufacture of a new product or representing an important stage of
manufacture. For intra-EU imports,
the trading partner is the member state of consignment of the goods. The United Kingdom is
considered as an extra-EU partner country for the EU. Imports from the United
Kingdom are recorded by country of consignment until 31st December
2020. As of January 2021 onwards, for trade with Northern Ireland imports are
recorded by country of consignment while for trade with the United Kingdom
(excluding Northern Ireland) imports are recorded by country of origin. For
these reasons data on trade with the United Kingdom are not fully comparable
with data on trade with other extra-EU trade partners for reference periods
before and after the end of 2020. For more information: CYSTAT Portal, subtheme External Trade CYSTAT-DB (Online Database) Predefined Tables (Excel) Contact Elina Toumbaki: Tel.: +357 22
602214, Email: etoumbaki@cystat.mof.gov.cy (MG/ECHR) |
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