Cyprus PIO: Foreign Trade Statistics, January - July '96 (96-11-01)

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From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>

Foreign trade statistics for January-July, 1996 (1/11/1996)

The main developments in Cyprus foreign trade during the period under review were:

(a) Total imports (covering imports for home consumption and imports placed into bonded warehouses) rose by 13,7% to �1.109,3 mn as compared with �975,4 mn in January-July, 1995.

(b) Imports for home consumption increased by 9,2% to reach �868,3 mn from �795,4 mn in January-July, 1995.

(c) The E.U. countries supplied goods valued at �536,2 mn or 48,3% of the total imports as compared with �504,2 mn or 51,7% during January-July, 1995.

(d) Intermediate inputs imported for home consumption during January-July, 1996, were �359,5 mn or 41,4% as against �336,8 mn or 42,3% in January-July, 1995, followed by consumer goods with �185,5 mn or 21,4% as against �166,7 mn or 21,0%; transport equipment amounted to �103,9 mn or 12,0% compared to �108,1 mn or 13,6% and capital goods accounted for �97,7 mn or 11,3% as compared with �88,9 mn or 11,2% in January- July, 1995.

(e) Total exports amounted to �396,7 mn as compared with �312,3 mn in January-July, 1995.

(f) Domestic exports including shipstores, fell to �151,5 mn in January-July, 1996 in comparison with �157,7 mn in January-July, 1995 whilst re-exports including shipstores, rose sharply to �245,2 mn from �154,6 mn in January-July, 1995.

(g) The E.U. countries absorbed 60,7% or �90,0 mn of Cyprus domestic exports excluding shipstores, followed by the Arab countries with a share of 17,4% or �25,8 mn. The corresponding shares of the E.U. countries and the Arab countries for January-July, 1995 were 64,9% and 14,8% respectively.

(h) Industrial products of domestic produce exported (excluding shipstores) during January- July, 1996, accounted for 65,5% or �97,1 mn as compared with 62,2% or �96,4 mn, with clothing and footwear accounting for �22,5 mn and �3,2 mn respectively, whilst exports of clothing during January-July, 1995 amounted to �26,5 mn and of footwear to �3,4 mn. Exports of agricultural products were �50,6 mn in January-July, 1996 and �58,1 mn in January-July, 1995 with potatoes accounting for �31,0 mn compared to �39,8 mn and citrus fruit for �14,1 mn compared to �13,0 mn in January-July, 1995.

Additional data on Cyprus foreign trade are shown in the quarterly publications 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.

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