The main developments in Cyprus foreign trade during 2001 as compared with 2000 were:

(a) Total imports (covering imports for home consumption and imports placed into bonded warehouses) totalled £2.528,7 mn as compared with £2.401,9 mn in 2000. Total exports valued at £628,0 mn compared to £591,9 mn in 2000. The trade deficit accounted for £1.900,7 mn compared to £1.810,1 mn in 2000.

(b) Imports for home consumption in 2001 were £2.176,8 mn compared to £1.968,7mn in 2000. Intermediate inputs imported for home consumption valued at £710,3 mn or 32,6%, followed by consumer goods with £617,7 mn or 28,4%, fuels and lubricants with £266,1 mn or 12,2%, capital goods with £258,3 mn or 11,9% and transport equipment with £226,6 mn or 10,4%.

(c) Domestic exports including shipstores, were £247,0 mn as compared with £240,8 mn in 2000 and re-exports, including shipstores, £381,0 mn compared to £351,1 mn in 2000. Industrial products of domestic produce exported in 2001 accounted for £188,2 mn or 80,4%. Exports of raw agricultural products in 2001 valued at £43,8 mn.

(d) During 2001 the EU countries supplied Cyprus with goods valued at £1.284,6 mn or 50,8% and absorbed goods valued at £122,3 mn or 52,3% of Cyprus domestic exports excluding shipstores.