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

(a) Total imports (covering imports for home consumption and imports placed into bonded warehouses) totalled £588,4 mn as compared with £582,7 mn in the first quarter of 2001. Total exports amounted to £124,4 mn compared to £143,9 mn during the period January-March 2001. The trade deficit accounted for £464,0 mn compared to £438,8 mn in the corresponding period of 2001.

(b) Imports for home consumption totalled £525,4 mn compared to £523,5 mn in January-March 2001. During the first three months of 2002, intermediate inputs imported for home consumption valued at £174,3 mn or 33,2%, followed by consumer goods with £144,8 mn or 27,6%, fuels and lubricants with £60,6 mn or 11,5%, transport equipment with £59,0 mn or 11,2% and capital goods with £57,3 mn or 10,9%.

(c) Domestic exports, including stores and provisions valued at £58,9 mn as compared with £56,3 mn in January-March 2001 and re-exports, including stores and provisions to £65,5 mn compared to £87,6 mn in the corresponding period of 2001. Industrial products of domestic produce exported in January-March 2002 accounted for £43,6 mn or 76,4% while exports of raw agricultural products valued at £12,8 mn.

(d) During the period January-March 2002 the EU countries supplied Cyprus with goods valued at £292,2 mn or 49,7% and absorbed goods amounting to £29,4 mn or 51,4% 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.