The trade deficit for the period January-December 2022 recorded an increase of two billion euros, up by 34.5%, compared to the corresponding period of 2021, official data show. According to data published by the Statistical Service on Thursday, the trade deficit was pound 7,101 million for the period January – December 2022 compared to pound 5,278.3 million in the corresponding period of 2021. Total imports of goods in January-December 2022 amounted to pound 11,290 mn compared to pound 8,651.7 mn in January-December 2021, recording an increase of 30.5%. Total exports of goods in the same period were pound 4,189 mn compared to pound 3,373.4 mn, registering an increase of 24.2%. The European Union was the main source of supply of goods to Cyprus with a share of pound 6,866.4 mn of total imports, while imports from all other European countries totaled pound 1,013.6 mn in January-December 2022. Imports from the rest of the world amounted to pound 3,410 mn. Exports to the European Union accounted for pound 1,089.6 mn, while exports to all other European countries for pound 383.9 mn in January-December 2022. Exports to the rest of the world amounted to pound 2,715.5 mn.
Source: Cyprus News Agency