Cyprus recorded a trade deficit of 555349 EUR Thousand in February of 2021. source: Statistical Service of the Republic of Cyprus

Balance of Trade in Cyprus averaged -211481.35 EUR Thousand from 1975 until 2021, reaching an all time high of 158661 EUR Thousand in March of 2018 and a record low of -925949 EUR Thousand in May of 2016. This page provides - Cyprus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Balance of Trade in Cyprus is expected to be -528000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Cyprus to stand at -525000.00 in 12 months time. In the long-term, the Cyprus Balance of Trade is projected to trend around -525000.00 EUR Thousand in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Cyprus Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-555349.00 -439125.00 158661.00 -925949.00 1975 - 2021 EUR Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-11 10:15 AM Nov €-473M €-552M
2021-02-09 10:00 AM Dec €-473M €-490M €-490M
2021-03-12 10:00 AM Jan €-413.1M €-487.4M €-430M
2021-04-09 09:30 AM Feb €-555.3M €-439.2M
2021-05-10 09:00 AM Mar €-555.3M
2021-06-09 09:30 AM Apr
2021-07-09 09:00 AM May
2021-08-10 09:00 AM Jun
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


Cyprus Balance of Trade
Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports.