Cyprus’ trade deficit climbed to €6.82 billion for the period of January to November 2022, marking an increase of 39% compared with the respective period of last year, according to provisional data published by the Cyprus Statistical Service (Cystat) on Monday.
According to Cystat, total imports of goods in January–November 2022 amounted to €10,378.2 mn as compared to €7,928.1 in the respective period of last year, marking an increase of 30.9%.
Total exports of goods in January–November 2022 rose by 17.8% year on year, amounting to €3,558.6 mn compared to €3,022 mn in January–November 2021.
In November 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%.
Imports from other EU Member States were €575.5 mn and from third countries €408 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 amounted to €317.3 mn 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 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, Cystat added.
Source: Cyprus News Agency