Cyprus registers Euros 1.7 billion trade deficit between January and May 2018, according to Eurostat

Cyprus exports of goods reached Euros 2.0 billion in the period from January till May 2018, a 92% increase compared to the same period of 2017 (Euros 0.5 billion to the EU or 4% increase and Euros 1.6 billion to the rest of the world or 154% increase). Meanwhile imports reached Euros 3.7 billion, a 18% increase compared to the same period of 2017 (Euros 2.2 billion from the EU or 8% increase and Euros 1.6 billion or 35% increase). As a result, Cyprus registered a Euros 1.7 billion trade deficit (compared to Euros 2.1billion last year).

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2018 was Euros 189.6 billion, a decrease of 0.8% compared with May 2017 (Euros 191.2 bn). Imports from the rest of the world stood at Euros 173.1 bn, a rise of 0.7% compared with May 2017 (Euros 171.9 bn). As a result, the euro area recorded a Euros 16.5 bn surplus in trade in goods with the rest of the world in May 2018, compared with +Euros 19.3 bn in May 2017. Intra-euro area trade rose to Euros 162.3 bn in May 2018, up by 0.5% compared with May 2017.

The first estimate for extra-EU28 exports of goods in May 2018 was Euros 160.9 billion, down by 2.7% compared with May 2017 (Euros 165.4 bn). Imports from the rest of the world stood at Euros 160.7 bn, down by 1.4% compared with May 2017 (Euros 163.0 bn). As a result, the EU28 recorded a Euros 0.2 bn surplus in trade in goods with the rest of the world in May 2018, compared with +Euros 2.3 bn in May 2017. Intra-EU28 trade rose to Euros 294.7 bn in May 2018, +1.6% compared with May 2017.

In January to May 2018, extra-EU28 exports of goods rose to Euros 786.6 bn (an increase of 1.5% compared with January-May 2017), while imports rose to Euros 795.7 bn (an increase of 1.6% compared with January-May 2017). As a result, the EU28 recorded a deficit of Euros 9.1 bn, compared with -Euros 8.1 bn in January-May 2017. Intra-EU28 trade rose to Euros 1 457.3 bn in January-May 2018, +4.6% compared with January-May 2017.

Source: Cyprus News Agency

Cyprus registers Euros 1.7 billion trade deficit between January and May 2018, according to Eurostat

Cyprus exports of goods reached Euros 2.0 billion in the period from January till May 2018, a 92% increase compared to the same period of 2017 (Euros 0.5 billion to the EU or 4% increase and Euros 1.6 billion to the rest of the world or 154% increase). Meanwhile imports reached Euros 3.7 billion, a 18% increase compared to the same period of 2017 (Euros 2.2 billion from the EU or 8% increase and Euros 1.6 billion or 35% increase). As a result, Cyprus registered a Euros 1.7 billion trade deficit (compared to Euros 2.1billion last year).

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2018 was Euros 189.6 billion, a decrease of 0.8% compared with May 2017 (Euros 191.2 bn). Imports from the rest of the world stood at Euros 173.1 bn, a rise of 0.7% compared with May 2017 (Euros 171.9 bn). As a result, the euro area recorded a Euros 16.5 bn surplus in trade in goods with the rest of the world in May 2018, compared with +Euros 19.3 bn in May 2017. Intra-euro area trade rose to Euros 162.3 bn in May 2018, up by 0.5% compared with May 2017.

The first estimate for extra-EU28 exports of goods in May 2018 was Euros 160.9 billion, down by 2.7% compared with May 2017 (Euros 165.4 bn). Imports from the rest of the world stood at Euros 160.7 bn, down by 1.4% compared with May 2017 (Euros 163.0 bn). As a result, the EU28 recorded a Euros 0.2 bn surplus in trade in goods with the rest of the world in May 2018, compared with +Euros 2.3 bn in May 2017. Intra-EU28 trade rose to Euros 294.7 bn in May 2018, +1.6% compared with May 2017.

In January to May 2018, extra-EU28 exports of goods rose to Euros 786.6 bn (an increase of 1.5% compared with January-May 2017), while imports rose to Euros 795.7 bn (an increase of 1.6% compared with January-May 2017). As a result, the EU28 recorded a deficit of Euros 9.1 bn, compared with -Euros 8.1 bn in January-May 2017. Intra-EU28 trade rose to Euros 1 457.3 bn in January-May 2018, +4.6% compared with January-May 2017.

Source: Cyprus News Agency