The main developments in Cyprus Foreign Trade during the period January-August 2002 were:

(a) Total imports (covering imports for home consumption and imports placed into bonded warehouses) were £1.641,3 mn as compared with £1.729,9 mn in January-August 2001. Total exports amounted to £354,8 mn compared to £431,8 mn during the period January-August 2001. The trade deficit accounted for £1.286,5 mn compared to £1.298,2 mn in the corresponding period of 2001.

(b) Imports for home consumption totalled £1.492,5 mn compared to £1.477,7 mn in January-August 2001. Intermediate inputs imported for home consumption in January-August 2002 valued at £479,2 mn or 32,1%, followed by consumer goods with £425,3 mn or 28,5%, transport equipment with £204,2 mn or 13,7%, capital goods with £163,1 mn or 10,9% and fuels and lubricants with £159,2 mn or 10,7%.

(c) Domestic exports, including stores and provisions valued at £169,7 mn as compared with £174,9 mn in January-August 2001 and re-exports, including stores and provisions to £185,1 mn compared to £256,9 mn in the corresponding period of 2001. Industrial products of domestic produce exported in January-August 2002 accounted for £122,3 mn or 74,8%, while exports of raw agricultural products valued at £39,2 mn or 24,0%.

(d) During the period January-August 2002 the EU countries supplied Cyprus with goods valued at £877,5 mn or 53,5% and absorbed goods amounting to £92,2 mn or 56,4% of Cyprus domestic exports, excluding stores and provisions.

Additional data on Cyprus foreign trade are shown in the quarterly publication entitled “Imports-Exports Statistics” obtainable from the Government Printing Office while more detailed statistics on the same field are available from the Statistical Service.

January, 2003.