Cyprus Mail
Business Cyprus

Trade gap widens to €5.1bn in 2017, hits post-crisis record

Cyprus’s trade deficit widened last year an annual 17 per cent, or €727.3m, to €5.1bn, the highest since 2010 mainly on increased imports, the statistical service said.

Total imports rose 13 per cent last year to over €8bn, while total exports rose 7 per cent to €2.9bn, Cystat said in a statement on its website on Friday.

Excluding the import and export of transport equipment such as ships and aircraft, total imports and exports rose 17 per cent last year, to €6.1bn, and 19 per cent, to €2.1bn respectively, Cystat said.

Imports from other European Union member states rose 1 per cent in 2017, to €4.7bn, while total exports dropped 18 per cent, to €1.1bn, Cystat added. Imports from third countries rose 36 per cent to, €3.3bn and exports 30 per cent, to €1.8bn.

Related Posts

Anastasiades welcomes Mitsotakis’ historic speech to congress

Antigoni Pitta

Milk prices defy rises and fall lower than last year

Antigoni Pitta

Tatar awarded as ‘most successful politician’

Nick Theodoulou

Cyprus supports EU’s timely action to avoid crises says minister

Antigoni Pitta

A journey of Jazz music from America to Paris of 1945

Eleni Philippou

Cyprus signs MoU to modernise state IT


Comments are closed.