Total imports and exports of goods to and from EU states and third countries recorded an annual increase in January 2022, according to the Statistical Service of Cyprus, adding that there was an increase in the trade deficit.
A press release issued on Tuesday says that total imports of goods (from EU Member States and from third countries) in January 2022 amounted to €746.0 mn as compared to €590.6 mn in January 2021, recording an increase of 26.3%.
Total exports of goods (to EU Member States and to third countries) in January 2022 were €222.4 mn compared to €156.3 mn in the same month of 2021, registering an increase of 42.3%.
The trade deficit was €523.6 mn in January 2022 compared to €434.3 mn in the corresponding month of 2021.
Meanwhile, the European Union was the main source of supply of goods to Cyprus with a share of €520.8 mn of total imports, while imports from all other European countries totalled €47.7 mn in January 2022. Imports from the rest of the world amounted to €177.5 mn.
In addition, exports to the European Union accounted for €70.7 mn, while exports to all other European countries for €22.5 mn in January 2022. Exports to the rest of the world amounted to €129.2 mn.
Source: Cyprus News Agency