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Cyprus Foreign Trade Statistics: November and December 2024

ByFamagusta Gazette

Feb 16, 2025

Total imports of goods in December 2024 were €1.314,3 mn as compared to €954,1 mn in December 2023, recording an increase of 37,8%. Imports from other EU Member States were €662,7 mn and from third countries €651,6 mn, compared to €595,0 mn and €359,1 mn respectively in December 2023. Imports in December 2024 include the transfer of economic ownership of vessels and aircrafts, with total value of €372,5 mn as compared to €4,8 mn in December 2023.

Total exports of goods in December 2024 were €359,0 mn as compared to €392,4 mn in December 2023, recording a decrease of 8,5%. Exports to other EU Member States were €88,0 mn and to third countries €271,0 mn, compared to €92,9 mn and €299,5 mn respectively in December 2023. Exports in December 2024 include the transfer of economic ownership of vessels, with total value of €41,4 mn as compared to €100,1 mn in December 2023.

Total imports of goods in January–December 2024 amounted to €12.256,1 mn as compared to €13.179,8 mn in January–December 2023, recording a decrease of 7,0%. Total exports of goods in January-December 2024 were €4.121,8 mn compared to €4.709,4 mn in January-December 2023, registering a decrease of 12,5%. The trade deficit was €8.134,3 mn in January–December 2024 compared to €8.470,4 mn in the corresponding period of 2023.

November 2024, Final Data

Total imports of goods amounted to €1.139,6 mn in November 2024 as compared to €1.098,6 mn in November 2023, recording an increase of 3,7%.

Exports of domestically produced products, including stores and provisions, in November 2024 were €244,1 mn as compared to €226,6 mn in November 2023, recording an increase of 7,7%.

Domestic exports of industrial products, excluding stores and provisions, in November 2024 were €236,5 mn compared to €218,2 mn in November 2023. Domestic exports of agricultural products, excluding stores and provisions, in November 2024 were €6,5 mn compared to €6,6 mn in November 2023.

Exports of foreign products, including stores and provisions, in November 2024 were €134,1 mn as compared to €519,2 mn in November 2023, recording a decrease of 74,2%.

More data are published in the monthly publication ‘Intra – Extra EU Trade Statistics (Summarised Data) – November 2024’ and in the online database CYSTAT-DB, under the subtheme External Trade.

Table
Year and Month        Total Imports            Total Exports
             €000’s                  €000’s
2024
           January – December  12.256.051       4.121.834
December     1.314.282           359.049
November     1.139.622           378.172
October     1.242.622           442.950
September        953.339           350.508
August        968.783           276.716
July     1.052.834           327.116
June        912.946           450.447
May     1.048.332           340.793
April     1.098.529           350.750
March        816.066           261.009
February        852.143           273.236
January        856.554           311.088
2023
January – December            13.179.758       4.709.389
December         954.146           392.429
November               1.098.573           745.785
October               1.056.959                   281.770
September   1.101.388                    444.197
August               1.243.104                    422.799
July               1.117.523                    395.606
June               1.076.567                    321.856
May               1.015.991                    423.444
April                  932.823                    324.630
March               1.035.073                    376.672
February                  794.000                    262.520
January               1.753.611                    317.682
Note: Imports data for the months May-June 2024 and August-November 2024 and exports data for November 2024 have been revised. Data for December 2024 are provisional.
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