The trade deficit in Cyprus widened to EUR 666 million in November 2022 from EUR 567 million in the same month last year, a preliminary estimate showed. Imports rose by 5 percent to EUR 983.5 million, as purchases were up by 9.5 percent from the EU. However, imports from non-EU countries went down by 0.9 percent. On the other hand, exports declined by 14.2 percent to EUR 317.3 million, as sales decreased in both EU countries (24 percent) and non-EU countries (10.4 percent). From January to November, the trade gap widened to EUR 6.8 billion from EUR 4.9 billion in the same period of 2021. source: Statistical Service of the Republic of Cyprus
Balance of Trade in Cyprus averaged -223237.43 EUR Thousand from 1975 until 2022, reaching an all time high of 158661.00 EUR Thousand in March of 2018 and a record low of -925949.00 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 February of 2023.
Balance of Trade in Cyprus is expected to be -360000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Balance of Trade is projected to trend around -370000.00 EUR Thousand in 2024 and -365000.00 EUR Thousand in 2025, according to our econometric models.