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Cyprus foreign trade deficit reduced by €353 million

Staff writer |
Cyprus foreign trade deficit was reduced by €353mn during the period from January to November 2015, compared to the same period in 2014.

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This is according to provisional data by the Statistical Service of the Republic of Cyprus (CyStat). Trade deficit levels remained similar to those during the first ten months of 2015.

In particular, from January to November 2015, deficit reached €3.07bn euros, compared to €3.42bn in the same period of 2014. In November alone, deficit reached €290.8mn, compared to €291.22mn in November 2014.

Total imports and arrivals were worth €421.9mn, of which €311.2mn originated from EU member states and the rest, €110.7mn, came from third countries.

Total exports and dispatches were €131mn, of which €58.4mn were dispatches to other member states and €72.6mn exports to third countries.

Final data concerning the January-October 2015 period show, moreover, that the trade deficit reached €2.77bn, compared to €3.13bn in the same period of 2014.

Total imports and arrivals from third countries and EU member states amounted to €4,238.7mn, as compared to €4,362.3mn in January-October 2014.

Total exports and dispatches to third countries and to other member states were €1,459.5mn compared to €1,230.1mn in January-October 2014.

Trade deficit in October 2015 stood at €311.42mn, compared to €333.09mn in October 2014.

During the same month, total imports and arrivals from third countries and from other member states were worth €429.3mn.

Total exports and dispatches, including stores and provisions, in October 2015 amounted to €117.9mn.

Εxports and dispatches of domestically produced goods, including stores and provisions were €60.9mn whilst exports and dispatches of foreign goods, including stores and provisions, were €57mn.


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