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Cyprus exports overtake EU average

08:34 - 16 January 2024

Economy

Cyprus recorded the highest annual increase in exports among the EU member states in November 2023 compared to November 2022, while also recording the second highest increase in imports in the same period, while most other member states saw both their exports and imports drop, according to Eurostat.

In November 2023, compared with November 2022, all but four member states registered decreases in exports.

The largest decreases were registered in Belgium (-20.6%), Latvia (-18.8%), Bulgaria (-18.0%) and Lithuania (-17.2%). The highest increase was registered in Cyprus (+7.5%).

Regarding imports, in November 2023 compared to November 2022, all member states registered decreases, except Ireland (+1.8%), Cyprus (+2.5%) and Slovenia (+7.8%).

The highest decreases were observed in Hungary (-25.0%) and Belgium (-22.0%).

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