Trade deficit rose by Euros 661,3 million in first six months

Cyprus’ trade deficit rose by Euros 661,3 million in the first half of the year, compared to the same period last year, due to an increase in imports and a decrease of exports.

According to the Statistical Service of Cyprus total imports/arrivals from third countries and from other Member States in January-June 2016 amounted to Euros 2.996,8mn as compared to Euros 2.547,3mn in January-June 2015.

Total exports/dispatches to third countries and to other Member States in January-June 2016 were Euros 791,8mn compared to Euros 1.003,6mn in January-June 2015.

Therefore, the trade deficit stood at Euros 2.205,0mn in January-June 2016 compared to Euros 1.543,7mn in the corresponding period of 2015.

During June 2016 total imports/arrivals from third countries and arrivals from other Member States valued at Euros 465,6mn.

Total exports/dispatches to third countri

Source: Cyprus News Agency