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Foreign
Trade Statistics: December 2023 (Final Data) and January 2024 (Provisional
Data) |
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January 2024, Provisional Data Total imports of goods in
January 2024 were €848,1 mn as compared to €1.735,1 mn in January 2023,
recording a decrease of 51,1%. Imports from other EU member states were
€510,7 mn and from third countries €337,4 mn, compared to €529,1 mn and
€1.206,0 mn respectively in January 2023. Imports in January 2024 include the
transfer of economic ownership of vessels with total value of €65,2 mn as
compared to €936,3 mn in January 2023. Total exports of goods in January 2024 were €281,5 mn as compared to €315,2 mn in January 2023, recording a decrease of 10,7%. Exports to other EU member states were €103,5 mn and to third countries €178,1 mn, compared to €69,8 mn and €245,4 mn respectively in January 2023. Exports in January 2024 include the transfer of economic ownership of vessels and aircrafts with total value of €69,5 mn as compared to €107,5 mn in January 2023. The trade deficit was €566,5 mn
in January 2024 compared to €1.419,9 mn in the corresponding month of 2023.  December 2023, Final Data Total imports of goods amounted
to €928,4 mn in December 2023 as compared to €847,3 mn in December 2022,
recording an increase of 9,6%. Exports of domestically
produced products, including stores and provisions, in December 2023 were
€216,9 mn as compared to €103,9 mn in December 2022, recording an increase of
108,8%. Domestic exports of industrial products in December 2023 were €208,3
mn compared to €95,7 mn in December 2022, whilst domestic exports of
agricultural products in December 2023 were €7,6 mn compared to €7,3 mn in
December 2022. Exports of foreign products, including stores and provisions, in December 2023 were €173,0 mn as compared to €489,4 mn in December 2022, recording a decrease of 64,7%.  More data are published in the
monthly publication ‘Intra – Extra EU Trade Statistics (Summarised Data) –
December 2023’ and in the online database CYSTAT-DB, under the subtheme
External Trade.
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 31 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. Mobile Transport Equipment Mobile transport equipment
refers to vessels and aircraft. For more information visit the
CYSTAT Portal, subtheme External Trade, CYSTAT-DB (Online Database), Predefined Tables (Excel), Publications, Methodological Information, or contact Mr Sofronis Vikis
at 22 602206 or via email: svikis@cystat.mof.gov.cy or Ms Ioanna Leontiou at 22
605122 or via email: ileontiou@cystat.mof.gov.cy. The Predefined Tables,
available in Excel format, include data up to December 2022. Data from
January 2023 onwards are available only in the CYSTAT-DB Online Database. (GS/AP) |
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