Trade deficit at €479.5 million in January 2020

The trade deficit in January 2020 stood at €479.5 m, based on preliminary estimates released by the Statistical Service of Cyprus on Wednesday.

In January 2020, total imports were €699.6 mn as compared to €823.5 mn in January 2019. Imports from other EU Member States in January 2020 were €475.7 mn as compared to €375.7 mn in January 2019. Imports from Third Countries in January 2020 were €22.9 mn as compared to €447.9 mn in January 2019.

Total exports in January 2020 were €220.1 mn as compared to €534.9 mn in January 2019. Exports to other EU Member States in January 2020 were €89.8 mn as compared to €440.3 mn in January 2019. Exports to Third Countries in January 2020 were €130.3 mn as compared to €94.6 mn in January 2019.

Total imports in January 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €109.0 mn as compared to €305.2 mn in January 2019. Total exports in January 2020 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €44.8 mn as compared to €409.0 mn in January 2019.

Source: Cyprus News Agency