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Data Revision: Cyprus - Trade (M) [2014-2016]
Wednesday, 10 May 2017 10:31 ET
By Phillip Thorne
Summary
May 2017 -- Concurrent with dissemination of results for external trade for Cyprus for March 2017, the source has issued large revisions related to ships and aircraft (seven monthly series impacted from 2014).
Detail

Over the interval January 2014 to March 2017, for these categories, the largest single-period revisions are:

  • Trade balance: -1.1%
  • Exports: +218.2%
  • Imports: +78.4%

The footnote on the March 2017 data file reads (citation):

4. Total Imports/Arrivals for the years 2014, 2015 and 2016 and the periods January - March 2016 and 2017 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of 1.130,9 mn. Euro, 1.348,9 mn. Euro, 1.746,8 mn. Euro, 254,5 mn. Euro and 333,5 mn. Euro respectively.

5. Total Exports/Dispatches for the years 2014, 2015 and 2016 and the periods January - March 2016 and 2017 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of 1.010,0 mn. Euro, 1.287,7 mn. Euro, 973,3 mn. Euro, 490,1 mn. Euro and 51,2 mn. Euro respectively.

6. Total Imports/Arrivals for the years 2015, 2016 and the periods January - March 2016 and 2017 include the transfer of economic ownership of mobile transport equipment (aircrafts), with total value of 13,7 mn. Euro, 146,8 mn. Euro, 0,9 mn. Euro and 58,7 mn. Euro respectively.

7. Total Exports/Dispatches for the years 2015 and 2016 include the transfer of economic ownership of mobile transport equipment (aircrafts), with total value of 160,9 mn. Euro and 1,9 mn. Euro respectively.

Attached is a tabular summary of revisions announced alongside the September 2016 and March 2017 periods.

Other
Related ReleaseForeign trade - Summary of trade
SourceStatistical Service of the Republic of Cyprus (CYSTAT)
FrequencyMonthly
GeographyCyprus
Catalog
Upcoming
Release DateReference date
11 Nov 2019Sep 2019
10 Dec 2019Oct 2019
Attachments