Cyprus trade deficit jumps by 58% in January

Cyprus trade deficit in January 2017 jumped by 58% to Euros 349.8 million compared with Euros 220.9 million in the corresponding period of 2016, the Cyprus Statistical Service (Cystat) said 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 Euros 515,3mn as compared marking an increase of 56% compared with Euros 330,9mn 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 Euros 165.5mn compared to Euros 110.0mn in January 2016.

?xports/dispatches of domestically produced goods, including stores and provisions, were Euros 97.5mn whilst exports/dispatches of foreign goods, including stores and provisions, were Euros 68.0mn in January 2017.

Source: Cyprus News Agency