Cyprus Mail
News in Brief

Trade deficit shrinks

Cyprus’ trade deficit shrank by €917 million during the period January to September 2013, according to the island’s statistical service.

In a publication of summarised data released on Monday, the Service said total imports during this period amounted to €3.6 billion, from €4.3 billion between January and September 2012.

Total exports during in the first nine months of 2013 were €1.2 billion, up from around €1.1 billion in the corresponding period last year.

As a result, the country’s trade deficit shrank to €2.4 billion in January-September 2013, marking a €917 million reduction compared to last year’s €3.2 billion.

According to the report, total imports for September 2013 amounted to €426.9 million, down from €462.6 million in September 2012.

Total exports in September 2013 were €145.6 million, from €120.3 million in September 2012.

The resulting trade deficit for September 2013 was €281.3 million, lower than September 2012 – €342.3 million.


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