Trade deficit presents annual decline in January

The trade deficit of Cyprus decreased to Euros 412,9 mn in January 2018 compared to Euros 453,0 mn in the corresponding month of 2017, the Statistical Service of Cyprus reported on Wednesday.

According to the new monthly electronic publication Intra-Extra EU Trade Statistics (Summarised Data) for January 2018, total imports in January 2018 amounted to Euros 616,4 mn compared to Euros 633,6 mn in January 2017.

Total exports in the first month of 2018 were Euros 203,6 mn compared to Euros 180,6 mn in the same month of the previous year.

The report said that exports of domestically produced goods, including stores and provisions in January 2018 amounted to Euros 115,7 mn compared to Euros 99,0 mn in January 2017 whilst exports of foreign goods, including stores and provisions, stood at Euros 87,9 mn compared to Euros 81,6 mn in January 2017.

Total domestic exports of industrial products in January 2018 were Euros 106,0 mn compared to Euros 89,6 mn in the same month last year.

Total domestic exports of agricultural products in January 2018 were Euros 7,8 mn compared to Euros 6,9 mn in January 2017.

Source: Cyprus News Agency