Cyprus achieved record exports in 2023

Cyprus' Minister of Energy, Commerce and Industry Giorgos Papanastasiou praised the expanding momentum in Cypriot export activity, stressing that in 2023 exports rose by an annual 38%, continuing their steady rising trend in recent years.

Addressing the Annual General Meeting of the Paphos Chamber of Commerce and Industry on Friday, Papanastasiou said that in 2023 total exports of Cypriot goods amounted to 4.7 billion euros, over €3.4 billion in 2022, marking an annual increase of 38%.

The sector's steady growth in the period 2021-2023 suggests a general expansion of Cyprus' export activity, he added, pointing out that despite challenges facing international trade, the rising trend for Cypriot exports is continuing in 2024.

In part, Papanastasiou added, this is attributed to the strengthening of Cypriot industry's competitiveness, with exports of local goods...