Cyprus Balance of Trade  1975-2017 | Data | Chart | Calendar | Forecast

Cyprus trade deficit shrank to EUR 304.9 million in June of 2017 from a EUR 437.6 million shortfall a year ago, with imports falling more than exports. Sales declined 14.9 percent to EUR 217.7 million, as exports intra-EU decreased 13.1 percent and those outside EU fell 16.2 percent. Imports plunged 24.6 percent to EUR 522.6 million, as purchases intra-EU declined 27.6 percent and the ones outside EU shrank 17.3 percent. Considering the first half of the year, exports tumbled 13.8 percent while imports rose 3.2 percent, thus widening the trade deficit to EUR 2413.1 million from EUR 2097.9 million in the same period of 2016. Balance of Trade in Cyprus averaged -193265.22 EUR Thousand from 1975 until 2017, reaching an all time high of 1931 EUR Thousand in May of 1976 and a record low of -924675 EUR Thousand in May of 2016.

Cyprus Balance of Trade
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-09 09:00 AM Apr €-385.2M €-466.4M €-344M
2017-07-10 09:00 AM May €-409.3M €-389.8M €-798M
2017-08-09 09:00 AM Jun €-304.9M €-439.9M €-378M
2017-09-11 09:00 AM Jul €-304.9M
2017-10-10 09:00 AM Aug
2017-11-09 10:00 AM Sep


Cyprus Trade Last Previous Highest Lowest Unit
Balance of Trade -304948.00 -439900.00 1931.00 -924675.00 EUR Thousand [+]
Exports 217664.00 267410.00 409743.00 5946.00 EUR Thousand [+]
Imports 522612.00 707310.00 1080670.00 13481.00 EUR Thousand [+]
Current Account -721.10 -944.70 395.30 -1541.40 EUR Million [+]
Current Account to GDP -5.30 -2.90 3.10 -15.50 percent [+]
Capital Flows -349.30 -492.60 1701.50 -1716.40 EUR Million [+]
Remittances 14.80 8.60 34.00 1.00 EUR Million [+]
Tourism Revenues 291500.00 189600.00 402200.00 28300.00 EUR Thousand [+]
Tourist Arrivals 472450.00 418732.00 482132.00 16748.00 [+]
Gold Reserves 13.90 13.90 14.48 13.87 Tonnes [+]
External Debt 108321.96 106911.96 119576.00 52152.00 EUR Million [+]
Terrorism Index 2.04 3.08 3.19 0.05 [+]

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



Cyprus Balance of Trade Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-304948.00 -439900.00 1931.00 -924675.00 1975 - 2017 EUR Thousand Monthly



balance of trade by Country

Last
Australia 856.00 Jun/17
Brazil 6298.00 Jul/17
Canada -3601.90 Jun/17
China 467.36 Jul/17
Euro Area 26587.50 Jun/17
France -4657.00 Jun/17
Germany 22324.00 Jun/17
India -11449.80 Jul/17
Indonesia -271.20 Jul/17
Italy 4502.18 Jun/17
Japan 418.77 Jul/17
Mexico 61.53 Jun/17
Netherlands 6620.00 Jun/17
Russia 8690.00 Jun/17
South Korea 10646.00 Jul/17
Spain -1431000.00 May/17
Switzerland 2812.51 Jun/17
Turkey -6010.95 Jun/17
United Kingdom -4564.00 Jun/17
United States -43642.00 Jun/17