The main developments in Cyprus foreign trade during the period January-July 2001 as compared with January-July 2000, were:
Total imports (covering imports for home consumption and imports placed into bonded warehouses) totalled £1.526,0 million as compared with £1.320,9 million in January-July 2000. Total exports reached £381,4 million compared to £358,5 million in January-July 2000. The trade deficit accounted for £1.144,6 million compared to £962,4 million.
Imports for home consumption were £1.293,2 million during January-July 2001 and £1.075,3 million in January-July 2000. Intermediate inputs imported for home consumption valued at £426,2 million or 33,0% followed by consumer goods with £354,6 million or 27,4%, capital goods with £159,5 million or 12,3%, fuels and lubricants with £155,0 million or 12,0% and transport equipment with £137,4 million or 10,6%.
Domestic exports including shipstores, valued at £154,9 million as compared with £147,1 million in January-July 2000, whilst re-exports including shipstores, were £226,5 million compared to £211,4 million in January-July 2000. Industrial products of domestic produce exported during January-July 2001 accounted for £109,5 or 74,3%. Exports of raw agricultural products in January-July 2001 valued at £36,9 million.
During January-July 2001 the EU countries supplied Cyprus with goods valued at £712,7 million or 55,1% and absorbed goods valued at £81,0 million or 54,9% of Cyprus domestic exports.