The Cyprus trade deficit rose to EUR 493.8 million in September 2019 from EUR 415.4 million in the same month of the previous year, as exports slumped 18.9 percent to EUR 218.5 million, the lowest since March. Meantime, imports rose 4 percent from a year earlier to EUR 712.3 million. Balance of Trade in Cyprus averaged -204968.11 EUR Thousand from 1975 until 2019, reaching an all time high of 158661 EUR Thousand in March of 2018 and a record low of -925948 EUR Thousand in May of 2016. source: Statistical Service of the Republic of Cyprus

Balance of Trade in Cyprus is expected to be -675000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Cyprus to stand at -51000.00 in 12 months time. In the long-term, the Cyprus Balance of Trade is projected to trend around -525000.00 EUR Thousand in 2020, according to our econometric models.

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Cyprus Balance of Trade
Calendar GMT Actual Previous Consensus TEForecast
2019-08-09 09:15 AM Balance of Trade Jun €-503M €-451M €-49M
2019-09-09 09:00 AM Balance of Trade Jul €-471.9M €-506.3M €-470M
2019-10-10 09:00 AM Balance of Trade Aug €-418.2M €-486.4M €-380M
2019-11-11 10:30 AM Balance of Trade Sep €-493.8M €-390.5M €-408M
2019-12-10 10:00 AM Balance of Trade Oct €-493.8M €-340M


Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -493754.00 -390481.00 158661.00 -925948.00 EUR Thousand [+]
Current Account -203.60 -587.90 395.30 -1541.40 EUR Million [+]
Current Account to GDP -7.00 -8.40 3.10 -15.50 percent [+]
Imports 712276.00 621505.00 1082134.00 13481.00 EUR Thousand [+]
Exports 218522.00 231024.00 888660.00 5946.00 EUR Thousand [+]
Capital Flows -376.40 -23.60 1701.50 -1362.60 EUR Million [+]
Remittances 18.70 17.30 34.00 1.00 EUR Million [+]
Tourism Revenues 422000.00 350400.00 428200.00 28300.00 EUR Thousand [+]
Tourist Arrivals 524707.00 553845.00 553845.00 16748.00 Units [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
Terrorism Index 1.21 1.89 3.19 0.05 [+]
External Debt 208114.48 101906.10 208114.48 90778.90 EUR Million [+]


Cyprus Balance of Trade

Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports. This page provides - Cyprus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Balance of Trade - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-493754.00 -390481.00 158661.00 -925948.00 1975 - 2019 EUR Thousand Monthly




Country Last Previous
Argentina 1744.00 Sep/19 1168
Australia 7180.00 Sep/19 6617
Brazil 1206.00 Oct/19 2246
Canada -978.00 Sep/19 -1235
China 428.09 Oct/19 392
Euro Area 18653.90 Sep/19 14277
France -5551.00 Sep/19 -5436
Germany 21138.00 Sep/19 16448
India -11010.00 Oct/19 -10860
Indonesia 161.30 Oct/19 -164
Italy 2779.30 Sep/19 2598
Japan -122.98 Sep/19 -144
Mexico -116.00 Sep/19 775
Netherlands 5310.00 Sep/19 3807
Russia 14150.00 Sep/19 12010
Saudi Arabia 127500.00 Jun/19 131654
Singapore 3833.90 Sep/19 3772
South Africa 5160.00 Sep/19 4542
South Korea 5393.00 Oct/19 5982
Spain -3984900.00 Aug/19 -2486462
Switzerland 2881.00 Sep/19 1111
Turkey -2055.51 Sep/19 -2518
United Kingdom -3360.00 Sep/19 -1760
United States -52450.00 Sep/19 -55036


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