Trade deficit drops by Euros 182.3 million in January-September 2018

Cyprus’ trade deficit fell by Euros 182.3 million in the first nine months of 2018, according to data released Monday by the Statistical Service of Cyprus. Trade deficit was Euros 3,049.5 mn in January-September 2018 compared to Euros 3,231.8 mn in the corresponding period of 2017.

Total imports, covering total imports from third countries and from EU member states, in January-September 2018 amounted to Euros 6,586.8 mn as compared to Euros 5,556.6 mn in January-September 2017. Total exports, covering total exports to third countries and to EU member states, in January-September 2018 were Euros 3,537.3mn compared to Euros 2,324.8 mn in January-September 2017.

In September 2018 total imports were valued at Euros 663.0 mn compared to Euros 531.0 mn in September 2017.

Total exports, including stores and provisions, in September 2018 amounted to Euros 263.4 mn as compared to Euros 263 mn in September 2017.

Exports of domestically produced goods, including stores and provisions in September 2018 were Euros 154.4 mn compared to Euros 90 mn in September 2017 whilst exports of foreign goods, including stores and provisions, in September 2018 were Euros 109 mn as compared to Euros 173 mn in September 2017.

Total domestic exports of industrial products in September 2018 were Euros 148.1 mn compared to Euros 82.6 mn in September 2017. Total domestic exports of agricultural products in September 2018 were Euros 3.8 mn compared to Euros 5.1 mn in September 2017.

Source: Cyprus News Agency