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

(a)        Total imports (covering imports for home consumption and imports placed into bonded warehouses) were £2.264,0 mn as compared with £2.340,6 mn in  January-November 2001. Total exports amounted to £472,3 mn compared to £586,3 mn during January-November 2001.  The trade deficit accounted for £1.791,7 mn compared to £1.754,3 mn in the corresponding period of 2001.

(b)        Imports for home consumption totalled £2.045,4 mn compared to £2.012,6 mn in January-November 2001. Intermediate inputs imported for home consumption in January-November 2002 valued at £654,0 mn or 32,0%, followed by consumer goods with £592,5 mn or 29,0%, transport equipment with £257,0 mn or 12,6%, capital goods with £220,8 mn or 10,8% and fuels and lubricants with £211,9 mn or 10,4%.

(c)        Domestic exports, including stores and provisions valued at £214,5 mn as compared with £228,7 mn in January-November 2001 and re-exports, including stores and provisions to £257,8 mn compared to £357,6 mn in the corresponding period of 2001. Industrial products of domestic produce exported in January-November 2002 accounted for £168,1 mn or 81,8% while exports of raw agricultural products valued at £34,6 mn or 16,8%.

(d)        During the period January-November 2002 the EU countries supplied Cyprus with goods valued at £1.203,7 mn or 53,2% and absorbed goods valued at          £110,1 mn or 53,6% 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.

May, 2003