News Economy Cyprus' trade deficit increases by 58% in January 2017

Cyprus' trade deficit increases by 58% in January 2017

Cyprus’ trade deficit in January 2017 jumped by 58% to €349.8 million compared with €220.9 million in the corresponding period of 2016, the Cyprus Statistical Service (Cystat) reported on Tuesday.
 
According to Cystat, total imports/arrivals (covering total imports from third countries and arrivals from other EU member-states) in January 2017 amounted to €515.3 million as compared marking an increase of 56% compared with €330.9 million in January last year.
 
Total exports/dispatches (covering total exports to third countries and dispatches to other EU member-states) in January 2017 increased by 55% reaching €165.5 million compared to €110.0 million in January 2016.
 
Εxports/dispatches of domestically produced goods, including stores and provisions, were €97.5 million whilst exports/dispatches of foreign goods, including stores and provisions, were €68.0 million in January 2017.
 
Source: CNA
 
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