Trade deficit increases 18.6% in eleven months

Trade deficit for the period January-November 2017 recorded an increase of 18.6% for the period January-November 2017 compared to the corresponding period of 2016.

According to data released Thursday by the Statistical Service of Cyprus trade deficit was Euros 4.659,3 mn in January-November 2017 compared to Euros 3,929.4 mn in the corresponding period of 2016.

Total imports (covering total imports from third countries and from EU Member States) in January-November 2017 amounted to Euros 7,336.4 mn as compared to Euros 6,444.7 mn in January-November 2016.

Total exports (covering total exports to third countries and to EU Member States) in January-November 2017 were Euros 2,677.1 mn compared to Euros 2,515.4 mn in January-November 2016.

During November 2017 total imports (covering total imports from third countries and from EU Member States) valued at Euros 1,016.9 mn as compared to Euros 866.0 mn in November 2016.

Total exports (covering total exports to third countries and to EU Member States), including stores and provisions, in November 2017 amounted to Euros 226.3 mn as compared to Euros 215.0 mn in November 2016. Exports of domestically produced goods, including stores and provisions in November 2017 were Euros 128.2 mn as compared to Euros 99.0 mn in November 2016 whilst exports of foreign goods, including stores and provisions, in November 2017 were Euros 98.1 mn as compared to Euros 116.0 mn in November 2016.

Total domestic exports of industrial products in November 2017 were Euros 121.6 mn compared to Euros 90.0 mn in November 2016. Total domestic exports of agricultural products in November 2017 were Euros 5.2 mn compared to Euros 6.6 mn in November 2016.

Source: Cyprus News Agency