Cyprus - Imports of Goods





Cyprus: Imports of Goods

Mnemonic TRIG.ICYP
Unit Ths. EUR, NSA
Adjustments Not Seasonally Adjusted
Monthly 1.03 %
Data Jul 2021 769,025
Jun 2021 761,218

Series Information

Source Statistical Service of the Republic of Cyprus (CYSTAT)
Release Foreign trade - Summary of trade
Frequency Monthly
Start Date 1/31/2005
End Date 7/31/2021

Cyprus: Trade

Reference Last Previous Units Frequency
Balance of Goods Jul 2021 -455,520 -466,491 Ths. EUR, NSA Monthly
Exports of Goods Jul 2021 313,505 294,727 Ths. EUR, NSA Monthly
Imports of Goods Jul 2021 769,025 761,218 Ths. EUR, NSA Monthly
Current Account Balance 2021 Q1 -1,110,841,418 -953,740,345 USD, NSA Quarterly
Exports of Goods and Services 2018 Q1 3,616 3,027 Mil. EUR, SA Quarterly
Imports of Goods and Services 2018 Q1 3,149 3,870 Mil. EUR, SA Quarterly
Net Exports 2018 Q1 467.1 -842.9 Mil. EUR, SA Quarterly
Real Exports of Goods and Services 2018 Q1 3,141 2,688 Mil. Ch. 2005 EUR, SA Quarterly
Real Imports of Goods and Services 2018 Q1 2,858 3,487 Mil. Ch. 2005 EUR, SA Quarterly
Real Net Exports 2018 Q1 282.9 -798.4 Mil. Ch. 2005 EUR, SA Quarterly

Release Information

For Cyprus, volume of trade (in euros), consisting of imports and exports (valued CIF and FOB, respectively), summarized by intra- and extra-EU partners. Monthly from 1995. The largest transactions relate to aircraft and sea vessels.

Active:

  • Measurement: Thousands of euros (Ths. EUR)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: Uniformly 2005m1

Predecessors:

  • In CYP by month - 2001 to 2007
  • In CYP by year - 1960 to 2007

Definitions

Intra-EU trade
Trade with the EU member states.
Extra-EU trade
Trade with third countries outside the EU. As of January 2021, the U.K. is counted as extra-EU.
Arrivals
Goods within the EU which enter the statistical territory of Cyprus. Include:
  • Goods in free circulation that enter the statistical territory of Cyprus.
  • Goods placed under the control of Customs for inward processing or processing in another member state, and which enter the statistical territory of Cyprus.
  • Certains goods movements included based on specific conditions, i.e., aircraft and ships.
Dispatches
Goods which leave the statistical territory of Cyprus with destination another EU member state.Include:
  • Goods in free circulation that exit the statistical territory of Cyprus bound for another member state.
  • Goods placed under the control of Customs for inward processing which are destined for another member state.
  • Certains goods movements included based on specific conditions, i.e., aircraft and ships.
Compilation

Trade statistics from EU member states and non-EU countries are compiled separately, because trade within the EU no longer requires most customs formalities.

  • Intra-EU
    • Intrastat (introduced May 24) in which statistical information providers submit detailed monthly returns on arrivals and dispatches to the nationally responsible authority. This covers about 98% of trade between Cyprus and the EU. Intrastat has a minimum reporting threshold.
    • The VAT return, on which all traders are required to record the total value of goods traded with other EU member states. VAT returns are used to maintain the Intrastat register and to determine when a trader attains the threshold to submit the detailed Intrastat return.
  • Extra-EU
    • "Theseas" for non-EU imports.
    • Single Administrative Document (SAD) for non-EU Exports.

Excluded from the statistics - Goods in transit, i.e., goods that are passing across a member state by any means of transport but are stored only for transport reasons.

Reference period - For intra-EU trade, the calendar month of arrival/dispatch of the goods. For extra-EU trade, the calendar month in which the Customs Authorities accept and release the declaration.

Product classification - The Harmonised Commodity Description and Coding System (HS2, HS4, HS6) and at the most detailed level of the Combined Nomenclature (CN8).

Statistical value - Calculated at national frontiers. For exports/dispatches, f.o.b. (free on board), based on the customs value. For imports/arrivals, c.i.f. (cost, insurance, freight), based on the taxable value.

Because of rounding there may be slight discrepancies between the totals shown and the some of constituent items.

Yes: a few months, or to the start of the previous calendar year, or to the start of the dataset in 2005. Provisional and detailed data are published 40 and 70 days after the reference month, respectively.

In the August 2017 report, the value for June 2017 was revised upward by 143.5 million EUR due to "new information and improved data from administrative data sources."

By period

The source offers footnotes for select periods. They all pertain to "transfer of economic ownership of mobile transport equipment" for the "total exports/dispatches" and "total imports/arrivals" categories. It later added a breakout table for "vessels and aircrafts" which starts at 2014.

Month Direction Item Value (Mil. EUR)
Apr. 2013 Exports Not otherwise specified 66.9
Sep. 2013 Exports N.o.s. 24.5
Oct. 2013 Exports N.o.s. 20.6
Nov. 2013 Exports N.o.s. 32
Sep. 2014 Imports Vessels 176.4
Jan. 2015 Exports Airplanes 158.6
Apr. 2015 Imports N.o.s. 43.3
May. 2016 Imports Vessels 563.4
Jun. 2016 Imports Vessels and aircraft 35.7
Aug. 2016 Imports N.o.s. 16.5
Sep. 2016 Imports N.o.s. 13.4

Brexit

As of January 2021, for Northern Ireland, imports are recorded by country of consignment. For the U.K. (excluding Northern Ireland), imports are recorded by country of origin. Thus, trade data with the U.K. are not fully comparable with data for other extra-EU trade partners.

Further reading

On Data Buffet:

At the source:

At IMF (SDDS):