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CYPRUS: Trade deficit narrows on rise in exports, imports down

15 April, 2015

The trade deficit dropped in January to EUR 99.6 mln, compared to 285 mln in January 2014 as imports dropped and exports were up, according to the statistical service Cystat.
Total imports/arrivals (imports from third countries and arrivals from other EU member states) in January amounted to EUR 357.9 mln, compared to 396.1 mln in January 2014.
Total exports/dispatches (exports to third countries and dispatches to other EU member states) in January rose to EUR 258.3 mln from 111.1 mln in January 2014.
Exports/dispatches of domestically produced goods, including stores and provisions, were totalled EUR 63.3 mln, whilst exports/dispatches of foreign goods, including stores and provisions, were EUR 195 mln in January.