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Announcement by the Cyprus Statistical Service – Foreign Trade Statistics – May 2024

Foreign Trade Statistics – May 2024 (Final Data) and June 2024 (Provisional Data)

Total imports of goods in June 2024 were €896,9 mn as compared to €1.059,5 mn in June 2023, recording a decrease of 15,3%. Imports from other EU Member States were €538,9 mn and from third countries €358,0 mn, compared to €615,5 mn and €444,0 mn respectively in June 2023. Imports in June 2024 include the transfer of economic ownership of vessels, with total value of €70,4 mn as compared to €78,8 mn in June 2023.

Total exports of goods in June 2024 were €449,0 mn as compared to €321,0 mn in June 2023, recording an increase of 39,9%. Exports to other EU Member States were €126,0 mn and to third countries €323,0 mn, compared to €120,6 mn and €200,4 mn respectively in June 2023. Exports in June 2024 include the transfer of economic ownership of vessels, with total value of €159,7 mn as compared to €83,4 mn in June 2023.

Total imports of goods in January–June 2024 amounted to €5.557,7 mn as compared to €6.494,9 mn in January–June 2023, recording a decrease of 14,4%. Total exports of goods in January-June 2024 were €1.985,9 mn compared to €2.016,9 mn in January-June 2023, registering a decrease of 1,5%. The trade deficit was €3.571,8 mn in January–June 2024 compared to €4.478,0 mn in the corresponding period of 2023.

View the announcement here