Cyprus trade deficit spikes to 1.65 billion in January – April of 2017

Cyprus trade deficit in the first four months of 2017 reached Euros 1,656.7 million in January- April 2017 marking an increase of 125% compared to Euros 735.6mn in the respective period of 2016. According to Cyprus’ Statistical Service, the rise is due to increasing imports and a reduction in exports.

Source: Cyprus News Agency