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Imports of goods and exports of domestically produced products decline

10/08/2020 16:20

Total imports of goods from EU Member States and third countries to Cyprus amounted to €466.2 mln in May 2020 as compared to €726.8 mln in May 2019, recording a decrease of 35.9%.

According to the final data on Cyprus’ foreign trade for May 2020, announced by the Statistical Service, exports of domestically produced products, including stores and provisions, in May 2020 were €104.2 mln as compared to €136.1 mln in May 2019, recording a decrease of 23.4%. Domestic exports of industrial products in May 2020 were €92.5 mln compared to €118 mln in May 2019, whilst domestic exports of agricultural products in May 2020 were €10.5 mln compared to €15.7 mln in May 2019.
 
Exports of foreign products, including stores and provisions, in May 2020 were €173.1 mln as compared to €158.2 mln in May 2019, recording an increase of 9.4%.
 
The data are included in the monthly electronic publication “Intra & Extra EU Trade Statistics (Summarised Data)” for May 2020.
 
Moreover, on the basis of provisional data, total imports of goods were €662.8 mln as compared to €775.6 mln in June 2019, recording a decrease of 14.5%. Imports from other EU Member States in June 2020 were €384.9 mln and from third countries €277.9 mln, compared to €488.1 mln and €287.5 mln respectively in June 2019. Imports in June 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €94.6 mln as compared to €157.3 mn in June 2019.
 
Total exports of goods in June 2020 were €273.3 mln as compared to €231.9 mln in June 2019, recording an increase of 17.9%. Exports to other EU Member States in June 2020 were €123.3 mln and to third countries €150 mln, compared to €74.1 mln and €157.8 mln respectively in June 2019. Exports in June 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €83.8 mln as compared to €34.5 mln in June 2019.
 
Total imports of goods (from EU Member States and from third countries) in January – June 2020 amounted to €3,653.5 mln as compared to €4,120.6 mln in January – June 2019, recording a decrease of 11.3%. Total exports of goods (to EU Member States and to third countries) in January – June 2020 were €1,540.5 mln compared to €1,711 mln in January – June 2019, registering a decrease of 10%. The trade deficit was €2,113 mln in January – June 2020 compared to €2,409.6 mn in the corresponding period of 2019.