ECONOMY: Cyprus trade deficit narrows by 33% in January

Cyprus’ trade deficit in January 2019 declined to Euros 277.6 mln, marking a reduction of 33% compared to Euros 416.4 mln the year before.

The reduction is mainly due to rising exports, associated with exports of stores and provisions for ships and airplanes.

According to Cystat’s Intra-Extra EU Trade Statistics total imports in January 2019 jumped 30.4% to Euros 811.2 mln from Euros 621.9 mln in January 2018.

Total exports (covering total exports to third countries and to EU Member States) rose 160% to Euros 533.6 mln compared to Euros 205.5 mln in January 2018.

Furthermore, total exports of domestically produced goods, excluding stores and provisions reached Euros 74.5 mln from Euros 115.2 mln a year ago.

Total domestic exports of industrial products were down to Euros 66.5 mln from Euros 106 mln in January 2018.

Total domestic exports of agricultural products also dropped to Euros 6.4 mln from Euros 8.0 mln.

Source: The Financial Mirror

ECONOMY: Cyprus trade deficit narrows by 33% in January

Cyprus’ trade deficit in January 2019 declined to Euros 277.6 mln, marking a reduction of 33% compared to Euros 416.4 mln the year before.

The reduction is mainly due to rising exports, associated with exports of stores and provisions for ships and airplanes.

According to Cystat’s Intra-Extra EU Trade Statistics total imports in January 2019 jumped 30.4% to Euros 811.2 mln from Euros 621.9 mln in January 2018.

Total exports (covering total exports to third countries and to EU Member States) rose 160% to Euros 533.6 mln compared to Euros 205.5 mln in January 2018.

Furthermore, total exports of domestically produced goods, excluding stores and provisions reached Euros 74.5 mln from Euros 115.2 mln a year ago.

Total domestic exports of industrial products were down to Euros 66.5 mln from Euros 106 mln in January 2018.

Total domestic exports of agricultural products also dropped to Euros 6.4 mln from Euros 8.0 mln.

Source: The Financial Mirror