The main developments in Cyprus foreign trade during the period January-June 2002 were:

(a) Total imports (covering imports for home consumption and imports placed into bonded warehouses) were £1.261,0 mn as compared with £1.266,6 mn in January-June 2001. Total exports amounted to £273,2 mn compared to £328,9 mn during January-June 2001. The trade deficit accounted for £987,8 mn compared to £937,7 mn in the corresponding period of 2001.

(b) Imports for home consumption totalled £1.139,7 mn compared to £1.069,4 mn in January-June 2001. Intermediate inputs imported for home consumption in January-June 2002 valued at £358,7 mn or 31,5%, followed by consumer goods with £322,5 mn or 28,3%, transport equipment with £147,5 mn or 12,9%, fuels and lubricants with £128,4 mn or 11,3% and capital goods with £121,8 mn or 10,7%.

(c) Domestic exports, including stores and provisions valued at £134,3 mn as compared with £133,6 mn in January-June 2001 and re-exports, including stores and provisions to £138,9 mn compared to £195,3 mn in the corresponding period of 2001. Industrial products of domestic produce exported in January-June 2002 accounted for £92,3 mn or 71,3% while exports of raw agricultural products valued at £35,8 mn or 27,6%.

(d) During the period January-June 2002 the EU countries supplied Cyprus with goods valued at £650,6 mn or 51,6% and absorbed goods valued at £74,1 mn or 57,1% 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.

October, 2002