Cyprus Balance of Trade  1975-2018 | Data | Chart | Calendar | Forecast

The trade deficit in Cyprus decreased by 3.9 percent to EUR 353.9 million in August of 2018 from EUR 368.4 million in the same month of the previous year. Imports fell 0.7 percent to EUR 618.6 million, as purchases from countries outside the EU went down 1.3 percent to EUR 254.4 million and those from EU countries declined 0.2 percent to EUR 364.2 million. Meanwhile, exports increased 4.1 percent to EUR 264.7 million, as sales to countries outside the EU jumped 58.7 percent to EUR 194.2 million whereas those to EU countries fell 46.6 percent to EUR 70.5 million. Considering the January- August period of 2018, the trade gap narrowed to EUR 2,575 million from EUR 2,964 million, as exports climbed 58.8 percent to EUR 3,274 million and imports rose at a slower 16.4 percent to EUR 5849 million. Balance of Trade in Cyprus averaged -198446.09 EUR Thousand from 1975 until 2018, reaching an all time high of 153155 EUR Thousand in March of 2018 and a record low of -925948 EUR Thousand in May of 2016.

Cyprus Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-09 09:00 AM Balance of Trade €-256.7M €-371.4M € -133M
2018-09-12 09:10 AM Balance of Trade €-436.4M €-259.7M € -295M
2018-10-10 09:05 AM Balance of Trade €-353.9M €-456.4M € -400M
2018-11-09 10:10 AM Balance of Trade €-353.9M € -271M
2018-12-10 10:00 AM Balance of Trade € -692M


Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -353910.00 -456358.00 153155.00 -925948.00 EUR Thousand [+]
Exports 264682.00 353328.00 879671.00 5946.00 EUR Thousand [+]
Imports 618592.00 809686.00 1082134.00 13481.00 EUR Thousand [+]
Current Account -262.80 -128.40 395.30 -1541.40 EUR Million [+]
Current Account to GDP -6.70 -4.90 3.10 -15.50 percent [+]
Capital Flows -228.50 310.60 1701.50 -1716.40 EUR Million [+]
Remittances 13.30 16.50 34.00 1.00 EUR Million [+]
Tourism Revenues 426600.00 357700.00 426600.00 28300.00 EUR Thousand [+]
Tourist Arrivals 534847.00 539626.00 539626.00 16748.00 [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
Terrorism Index 1.89 2.04 3.19 0.05 [+]
External Debt 101246.80 106775.70 161624.10 90778.90 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-353910.00 -456358.00 153155.00 -925948.00 1975 - 2018 EUR Thousand Monthly




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan -444.59 Aug/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 6755.10 Aug/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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