Cyprus recorded a trade deficit of EUR 473.1 million in December of 2020, higher than EUR 437 million a year earlier. Exports tumbled 24 percent year-on-year to EUR 191.8 million and imports declined at a softer 3.6 percent to EUR 664.9 billion. source: Statistical Service of the Republic of Cyprus
Balance of Trade in Cyprus averaged -210446 EUR Thousand from 1975 until 2020, reaching an all time high of 158661 EUR Thousand in March of 2018 and a record low of -925949 EUR Thousand in May of 2016. This page provides - Cyprus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Balance of Trade in Cyprus is expected to be -528000.00 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 -525000.00 in 12 months time. In the long-term, the Cyprus Balance of Trade is projected to trend around -525000.00 EUR Thousand in 2022, according to our econometric models.