Imports to Cyprus jumped 24.6 percent year-on-year to EUR 661.6 million in September of 2018, as purchases from countries outside the EU climbed 83.5 percent to EUR 290.2 million while those from EU countries went down 0.4 percent to EUR 371.5 million. Considering the January to September period of 2018, the trade gap narrowed 5.7 percent to EUR 3,047 million from EUR 3,232 million in the corresponding period of 2017 with imports rising 18.5 percent to EUR 6,585 million. Imports in Cyprus averaged 285257.49 EUR Thousand from 1975 until 2018, reaching an all time high of 1082134 EUR Thousand in May of 2016 and a record low of 13481 EUR Thousand in June of 1975.
Imports in Cyprus is expected to be 725000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Cyprus to stand at 736426.88 in 12 months time. In the long-term, the Cyprus Imports is projected to trend around 766000.00 EUR Thousand in 2020, according to our econometric models.