 |
|
The main developments in Cyprus foreign trade during January-November 1998 as compared with January-November 1997 were: (a) Total imports (covering imports for home consumption and imports placed into bonded warehouses) valued at £1.738,4 mn as compared with £1.743,5 mn in January-November 1997. (b) Total exports decreased to £514,2 mn in relation to £593,2 mn in January-November 1997. (c) As a result of the above developments the trade deficit reached £1.224,1 mn compared to £1.149,5 mn in January-November 1997. (d) Imports for home consumption were £1.439,9 mn in January-November 1998 and £1.363,1 mn in January-November 1997. (e) The EU countries supplied goods valued at £948,5 mn or 54,6% of the total imports as compared with £824,5 mn or 47,3% during January-November 1997. (f) Intermediate inputs imported for home consumption during January-November 1998 were £570,7 mn or 39,6% as against £520,2 mn or 38,2% in January-November 1997, followed by consumer goods with £409,0 mn or 28,4% as against £335,3 mn or 24,6%; capital goods increased to £183,1 mn or 12,7% as compared with £148,0 mn or 10,9% in January-November 1997 and transport equipment amounted to £167,8 mn or 11,7% compared to £136,7 mn or 10,0%. (g) Domestic exports including shipstores, reached £206,4 mn in January-November 1998 in relation to £199,2 mn in January-November 1997, whilst re-exports including shipstores decreased sharply to £307,9 mn compared to £394,0 mn in January-November 1997. (h) The EU countries absorbed 52,9% or £105,0 mn of Cyprus domestic exports (excluding shipstores), followed by the Arab countries with a share of 26,6% or £52,8 mn. The corresponding shares of the EU countries and the Arab countries for January-November 1997 were 49,5% and 28,5% respectively. (i) Industrial products of domestic produce exported during January-November of 1998 (excluding shipstores) accounted for 80,1% or £159,0 mn as compared with 82,7% or £160,7 mn, during the corresponding period of 1997, with clothing and footwear accounting for £26,9 mn and £7,8 mn respectively, whilst exports of clothing during January-November 1997 totalled £27,7 mn and of footwear £6,8 mn. Exports of agricultural products increased by 17,9% to £38,2 mn as compared with £32,4 mn in January-November 1997 with the potatoes accounting for £18,6 mn compared to £8,0 mn and citrus fruit dropped to £11,6 mn from £15,6 mn in January-November 1997 . 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 Department of Statistics and Research. |
