Cyprus trade deficit decreases to Euros 4.897,0 mn in 2018

The trade deficit was Euros 4.897,0 mn in January-December 2018 compared to Euros 5.247,8 mn in the corresponding period of 2017, according to the new monthly electronic publication Intra-Extra EU Trade Statistics (Summarised Data) for December 2018 published today by the Statistical Service of Cyprus.

Based on the main developments in Cyprus foreign trade, total imports (covering total imports from third countries and from EU Member States) in January-December 2018 amounted to Euros 9.160,6 mn as compared to Euros 8.216,2 mn in January-December 2017. Total exports (covering total exports to third countries and to EU Member States) in January-December 2018 were Euros 4.263,6 mn compared to Euros 2.968,4 mn in January-December 2017.

During December 2018 total imports (covering total imports from third countries and from EU Member States) valued at Euros 847,7 mn as compared to Euros 725,3 mn in December 2017.

Total exports (covering total exports to third countries and to EU Member States), including stores and provisions, in December 2018 amounted to Euros 163,6 mn as compared to Euros 232,9 mn in December 2017.

Exports of domestically produced goods, including stores and provisions in December 2018 were Euros 92,3 mn as compared to Euros 98,1 mn in December 2017 whilst exports of foreign goods, including stores and provisions, in December 2018 were Euros 71,3 mn as compared to Euros 134,8 mn in December 2017.

Total domestic exports of industrial products in December 2018 were Euros 85,1 mn compared to Euros 87,2 mn in December 2017. Total domestic exports of agricultural products in December 2018 were Euros 5,1 mn compared to Euros 8,2 mn in December 2017.

Source: Cyprus News Agency