Cyprus export sector is in a state that is not exactly ideal. In 2009 rate of real growth of this sector was 1 percent. However, volume of Cyprus import has gone up at a rate of 10 percent in that same time frame. This has happened principally owing to good condition of demand for goods and services in Cyprus.
Export of goods of Cyprus has gone up at a significant rate. However, volume of services that are export oriented has gone down as a result of contraction in important areas like tourism for example. This situation is likely to continue in 2009 fiscal as well as has been revealed by various economic predictions.
Cyprus is regarded as being among biggest importers of agricultural goods from all over world. This is startling because over there farmers have more land than they perhaps need for cultivation, as far as some noted economists are concerned.