Cyprus Mail
Business

Trade deficit up in first seven months

Cyprus’ trade deficit in the first seven months of 2014 increased by €137 million or 7.6 per cent, reaching around €1.9 billion compared with €1.8 billion in the corresponding period of 2013.

According to the island’s statistical service, total imports/arrivals (covering total imports from third countries and arrivals from other member states) between January and July 2014 reached around €2.8 billion compared with €2.7 billion in 2013.

Total exports/dispatches (covering total exports to third countries and dispatches to other member states) between January and July 2014 were €905 million compared with €963 million in 2013.
In July 2014, total imports/arrivals (covering total imports from third countries and arrivals from other Member States) reached €461 million.

Total exports/dispatches (covering total exports to third countries and dispatches to other Member States) amounted to some €130 million. Exports/dispatches of domestically produced goods totalled €61.8 million whilst exports/dispatches of foreign goods reached €68.6 million.

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