Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday.

Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices.

The report showed that total turnover in the broad trade sector rose by 5.7 per cent, reaching €19.34 billion in 2023, compared to €18.31 billion in 2022.