Cyprus Mail
Business Cyprus

Trade deficit falls to €2bn in H1 on strong exports

Cyprus’s trade deficit fell by €334.7m, or an annual 15 per cent, in the first half of the year, to below €2bn on a strong increase in exports which more than offset rising imports, the statistical service said.

Total exports rose by €933.4m, to €2.4bn, or 62 per cent compared to the respective period last year, Cystat said in a statement on Thursday. Imports rose by €598.7m, or 16 per cent to €4.4bn.

Total exports in the first six months of 2018, excluding transport equipment such as aircraft and ships, rose by €323m, to €1.4bn, while imports rose by €390.4m, to €3.4bn.

In January to June, total exports to other European Union member states and third countries rose by €66.3m, to €602.5m and €867.1m, to €1.8bn respectively, Cystat said. Imports rose by €178.7m, to €2.6bn, and €420m, to €1.8bn respectively.

Related Posts

Potato farmers will take action if state does not support them

Jonathan Shkurko

No discussion on Cyprus joining Nato, defence minister says

Two suspects charged over violent incidents at stadium to appear in court next month

Gina Agapiou

Coronavirus: New helplines for Covid queries

Jonathan Shkurko

Sri Lanka fuel shortage set to ease; police clash with protesters

Maintenance on Pedoulas church sparks blaze, fire brigade bring it under control

Sarah Ktisti