Cyprus's trade deficit rose 22.4 percent on year to EUR 737 million in May of 2022. Imports rose 72.9 percent on year to EUR 1155 million while exports went up by 83.9 percent to EUR 418 million. source: Statistical Service of the Republic of Cyprus
Balance of Trade in Cyprus averaged -217861.13 EUR Thousand from 1975 until 2022, 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 August of 2022.
Balance of Trade in Cyprus is expected to be -415000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Balance of Trade is projected to trend around -370000.00 EUR Thousand in 2023 and -365000.00 EUR Thousand in 2024, according to our econometric models.