Cyprus Mail
Business

Trade deficit drops  

CYPRUS’ trade deficit dropped to €1.2bln in the first five months of the year compared to €1.3bln in the corresponding period of 2014, the Statistical Service said on Monday.

Total imports between January and May reached around €2.0blln compared with €1.9bln in 2014.

Total exports in the first five months of the current year rose to €851.1mln compared with €634.8mln in the same period of 2014.
In May, total imports were €432.5mln.
Total exports, including supplies to ships and aeroplanes, in the fifth month of the year amounted to €181.4mln.

Exports of domestically produced goods, including supplies, were €118.5mln while exports of foreign goods, including provisions, were €62.9mln.
The Statistical Service announced also that on the basis of preliminary estimates, total imports in June reached were €444.3mln, of which €323.5mln were from other EU member and €120.8mln imports from third countries.
Total exports were €125.7mln of which €62.4mln were to other member states of EU and €63.3mln exports to third countries.

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