Total imports and exports of goods have marked an increase, according to the Statistical Service of Cyprus, with the European Union being the main source of supply of goods to the island.
According to the “Intra & Extra EU Trade Statistics (by commodity and country)” for January – May 2022, total imports of goods (from EU Member States and from third countries) in January – May 2022 amounted to €4.468,9 mn as compared to €3.294,2 mn in January – May 2021, recording an increase of 35.7%.
Total exports of goods (to EU Member States and to third countries) in January – May 2022 were €1.511,7 mn compared to €1.028,4 mn in the same period of 2021, registering an increase of 47.0%.
The trade deficit was €2.957,2 mn in January – May 2022 compared to €2.265,8 mn in the corresponding period of 2021.
The European Union was the main source of supply of goods to Cyprus with a share of €2.780,4 mn of total imports, while imports from all other European countries totalled €381,2 mn in January – May 2022. Imports from the rest of the world amounted to €1.307,3 mn.
Exports to the European Union accounted for €424,2 mn, while exports to all other European countries for €162,4 mn in January – May 2022. Exports to the rest of the world amounted to €925,1 mn.
Source: Cyprus News Agency