Trade deficit reached Euros 1.65 billion in first four months of 2017

Cyprus trade deficit deteriorated as imports increased, while exports recorded a drop during the first four months of the year, data released by the Cyprus Statistical Service published on Friday show.

According to the data the trade deficit in the period January – April 2017 came to Euros 1.65 billion compared to Euros 0.72 billion at the same period of 2016.

Total goods imports in the first four months of this year were of a value of Euros 2,418.2 million, compared to Euros 1,778.2 million at the same period of last year.

During the same period of this year total goods exports came to Euros 761.5 million compared to Euros 1,042.6 million in the first four months of 2016.

For the period of January – April 2017 total exports of locally produced products, with the exception of vessels and airplanes provisions came to Euros 389.7 million compared with Euros 292.2 million at the same period of the previous year.

During the same period of 2017 total local exports of industrial goods came to Euros 346.4 million compared to Euros 241.8 million in January – April 2016.

Total local exports of agricultural products in the first four months of this year came to Euros 40.9 million compared to Euros 46.6 million at the same period of last year.

Source: Cyprus News Agency