Cyprus

In 2013, the value of merchandise exports of Cyprus increased substantially by 17.1 percent to reach 2.1 bln US$, while its merchandise imports decreased substantially by 13.4 percent to reach 6.4 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 4.3 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -3.5 bln US$ (see graph 4). Merchandise exports in Cyprus were diversified amongst partners; imports were also diversified. The top 23 partners accounted for 80 percent or more of exports and 10 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Cyprus decreased moderately by 8.9 percent, reaching 7.9 bln US$, while its imports of services decreased slightly by 1.3 percent and reached 3.7 bln US$ (see graph 2). There was a large trade in services surplus of 4.3 bln US$.

Related Subject(s): International Trade and Finance

Countries: Cyprus