Balance of Trade In Goods and Services (Local Currency) fell 518% to EUR -0.689 bil in Cyprus in 2017

Balance of Trade In Goods and Services (Local Currency) (EUR bil)
Economy | Cyprus | May 18, 2019
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Balance of trade in goods and services reached -0.689 EUR bil in 2017 in Cyprus, according to the National Statistical Office. This is 518 % more than in the previous year.

Historically, balance of trade in goods and services in Cyprus reached an all time high of 0.522 EUR bil in 2001 and an all time low of -2.43 EUR bil in 2008. When compared to Cyprus's main peers, balance of trade in goods and services in Egypt amounted to -468 EGP bil, -1.84 EUR bil in Greece, 21.3 ILS bil in Israel and -140 TRY bil in Turkey in 2017.

Cyprus has been ranked 72nd within the group of 163 countries we follow in terms of balance of trade in goods and services, 5 places above the position seen 10 years ago.

The external balance of trade in goods and services (formerly the resource balance) equals exports of goods and services minus imports of goods and services (previously non-factor services).

Balance of Trade In Goods and Services (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Albania ALL bil -296 -248 -244 -265 -248
Bulgaria BGN bil 0.304 -2.60 -0.337 -0.789 0.131
Cyprus EUR bil -0.557 -0.242 0.256 0.311 0.035
Egypt EGP bil -56.5 -133 -118 -180 -207
Greece EUR bil -14.0 -8.51 -5.08 -4.29 0.091
Iran IQD bil 516,479 64,952 340,965 193,183 53,586
Iraq IRR bil 36,215 39,020 10,028 12,010 -12,593
Israel ILS bil 4.70 0.398 19.4 20.7 37.5
Jordan JOD bil -5.37 -6.15 -7.06 -6.72 -6.10
Lebanon LMB bil -16,459 -17,565 -17,999 -19,100 -15,208
Libya LYD bil 4.26 36.0 4.67 -23.5 -13.2
Macedonia MKD bil -87.9 -100 -90.7 -90.8 -90.7
Saudi Arabia SAR bil 668 691 592 372 -133
Sudan SDG bil 3.63 -15.3 -20.7 -14.9 -16.0
Syria SYP bil ... ... ... ... ... ... ... ... ...
Turkey TRY bil -113 -77.1 -105 -79.4 -61.0