The Statistical Service announces the final data for the foreign trade of Cyprus for October 2020 which show an increase in the gap of the export-import balance in the foreign trade.
The main developments in the foreign trade of Cyprus for October 2020 were:
(a) Total imports of goods (from EU Member States and third countries) were € 824.2 million in October 2020 compared to € 692.9 million in October 2019, an increase of 18.9%.
(b) Exports of domestically produced products, including ship and aircraft supplies, for October 2020 were € 93.7 million compared to € 112.7 million in October 2019, recording a decrease of 16.9%. The value of exports of industrial products for October 2020 amounted to € 88.1 million compared to € 106.2 million in October 2019, while the value of exports of agricultural products for October 2020 decreased to € 3.8 million. against € 4.4 million in October 2019.
(c) Exports of foreign products, including ship and aircraft supplies, for October 2020 were € 178.3 million compared to € 131.0 million in October 2019, recording an increase of 36.1%.
External trade statistics, November 2020
Based on preliminary data, the main developments in Cyprus' foreign trade for November 2020 can be summarized as follows:
(a) Total imports of goods were € 619.5 million compared to € 660.7 million in November 2019, recording a decrease of 6.2%. Imports from other EU Member States in November 2020 were € 387.6 million and from third countries € 231.9 million compared to € 398.0 million and € 262.6 million respectively in November 2019. Imports in November 2020 include the transfer of financial ownership of mobile transport equipment (ships), with a total value of € 58.3 million compared to € 76.4 million in November 2019.
(b) Total exports of goods in November 2020 were € 146.1 million compared to € 232.7 million in November 2019, recording a decrease of 37.2%. Exports to other EU Member States in November 2020 were € 47.6 million and to third countries € 98.5 million, compared to € 55.9 million and € 176.7 million respectively in November 2019. Exports in November 2020 include the transfer of financial ownership of mobile transport equipment (ships), with a total value of € 9.5 million compared to € 78.1 million in November 2019.
(c) Total imports of goods (from EU Member States and from third countries) for the period January – November 2020 were € 6,859.1 million compared to € 7,510.3 million for the period January – November 2019, noting decrease of 8.7%. Total exports of goods (to EU Member States and third countries) for the period January – November 2020 were € 2,547.0 million compared to € 2,884.2 million for the period January – November 2019, recording a decrease of 11, 7%. The trade deficit was € 4,312.1 million for the period January – November 2020 compared to € 4,626.1 million in the corresponding period of 2019.
Philenews / Statistical Service
