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Ministry of Finance, Statistical Service



11/09/2003
NEW PUBLICATION: FOREIGN TRADE STATISTICS (SUMMARIZED DATA), MAY 2003

1. The Statistical Service of Cyprus announces that it has published the monthly report “Foreign Trade Statistics (Summarised Data)” for the period January-Μay, 2003 which is available from the Printing Office of the Republic of Cyprus in Nicosia at the price of C£2=.

The report provides data for the direction of trade, analysis of trade by H.S. Commodity Section, total imports and imports for home consumption by economic destination and area, total imports and imports for home consumption by broad economic sector and by area and analysis of domestic exports by broad economic sector and by area.

2. The main developments in Cyprus foreign trade during the period January-Μay 2003 were:

(a) Total imports (covering imports for home consumption and imports placed into bonded warehouses) were £935,9 mn as compared with £1.061,7 mn in January-Μay 2002. Total exports amounted to £199,9 mn compared to £226,0 mn during January-Μay 2002. The trade deficit accounted for £736,0 mn compared to £835,6 mn in the corresponding period of 2002.

(b) Imports for home consumption totalled £834,2 mn compared to £953,0 mn in January-Μay 2002. Intermediate inputs imported for home consumption in January-Μay 2003 valued at £292,1 mn or 35,0%, followed by consumer goods with £252,1 mn or 30,2%, capital goods with £100,2 mn or 12,0%, transport equipment with £97,7 mn or 11,7% and fuels and lubricants with £69,5 mn or 8,3%.

(c) Domestic exports, including stores and provisions valued at £94,9 mn as compared with £108,1 mn in January-Μay 2002 and re-exports, including stores and provisions to £105,0 mn compared to £117,9 mn in the corresponding period of 2002. Industrial products of domestic produce exported in January-Μay 2003 accounted for £63,9 mn or 70,7% while exports of raw agricultural products valued at £25,0 mn or 27,6%.

(d) During the period January-Μay 2003 the EU countries supplied Cyprus with goods valued at £524,3 mn or 56,0% and absorbed goods valued at £54,5 mn or 60,2% of Cyprus domestic exports, excluding stores and provisions.

3. Additional data on Cyprus foreign trade are shown in the publications entitled “Imports-Exports Statistics” obtainable from the Government Printing Office in Nicosia while more detailed statistics on the same field are available from the Statistical Service.











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