Cyprus trade deficit records increase in first nine months of 2019

Cyprus trade deficit recorded an increase of 25.4% in the first nine months of this year on an annual basis, data released by the Cyprus Statistical Service, on Monday, show.

In particular according to the the new monthly electronic publication Intra-Extra EU Trade Statistics (Summarised Data) for September 2019, total imports (covering total imports from third countries and from EU Member States) in January-September 2019 amounted to Euros 6,170.0 mn as compared to Euros 6,602.0 mn in January-September 2018.

Total exports (covering total exports to third countries and to EU Member States) in January-September 2019 were Euros 2,400.1 mn compared to Euros 3,595.2 mn in January-September 2018.

The trade deficit was Euros 3,769.9 mn in January-September 2019 compared to Euros 3,006.8 mn in the corresponding period of 2018.

Total imports in January-September 2019 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of Euros 856.7 mn compared to Euros 1,068.9 mn in January-September 2018.

Total exports in January-September 2019 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of Euros 759.4 mn compared to Euros 1,371.4 mn in January-September 2018.

In September 2019 total imports (covering total imports from third countries and from EU Member States) were valued at Euros 715.5 mn compared to Euros 684.9 mn in September 2018.

Total exports (covering total exports to third countries and to EU Member States), including stores and provisions, in September 2019 amounted to Euros 218.6 mn compared to Euros 269.5 mn in September 2018.

Exports of domestically produced goods, including stores and provisions in September 2019 were Euros 134.6 mn as compared to Euros 154.3 mn in September 2018 whilst exports of foreign goods, including stores and provisions, in September 2019 were Euros 84.0 mn compared to Euros 115.2 mn in September 2018.

Total domestic exports of industrial products in September 2019 were Euros 128.7 mn compared to Euros 147.9 mn in September 2018. Total domestic exports of agricultural products in September 2019 were Euros 4.3 mn compared to Euros 3.5 mn in September 2018.

Source: Cyprus News Agency