Total exports of goods to the EU Member States and to third countries in January - February 2022 increased by 55.2%, compared to the same period last year, according to the monthly report published by the Statistical Service of Cyprus. At the same time, the trade deficit fell to €955 mn in the first two months of this year compared to €999.1 mn in the first two months of 2021.
According to official data, the total exports for this period amounted to €521 mn compared to €335.7 mn in the same period of 2021.
At the same time, total imports of goods from the EU Member States and from third countries in January - February 2022 amounted to €1,476 mn as compared to €1,334.8 mn in January - February 2021, recording an increase of 10.6%.
The trade deficit was €955 mn in January - February 2022 compared to €999.1 mn in the corresponding period of 2021.
According to the data published, the European Union was the main source of supply of goods to Cyprus with a share of €978.6 mn of total imports, while imports from all other European countries totaled €112.8 mn in January - February 2022. Imports from the rest of the world amounted to €384.6 mn.
Exports to the European Union accounted for €137.4 mn, while exports to all other European countries for €44.1 mn in January - February 2022. Exports to the rest of the world amounted to €339.5 mn.
The monthly electronic publication “Intra & Extra EU Trade Statistics (by commodity and country)” for January - February 2022 is available for download free of charge from the CYSTAT portal.