Cyprus Mail
Business Cyprus

Island’s trade deficit drops

The island’s trade deficit was €4.9bn in 2018, down from €5.3bn the previous year, according to the statistical service.

Based on the main developments in Cyprus foreign trade, total imports (covering total imports from third countries and from EU Member States) reached €9.2bn in 2018 compared with €8.2bn the previous year.

Total exports were €4.3bn compared with €2.9bn in 2017.

In December 2018, total imports reached €847m against €725m in December 2017.

Total exports in December 2018 (covering total exports to third countries and to EU Member States) including stores and provisions, amounted to €163m compared with €232m in December 2017.

Exports of domestically-produced goods in December last year, including stores and provisions, reached €92m compared with €98m in December 2017. Foreign good exports, including stores and provisions, in December 2018 reached €71m against €134m in December 2017.

Total domestic exports of industrial products were €85m in December 2018 compared with €87m in December 2017.

Total domestic exports of agricultural products were €5m in December 2018, compared with €8m in December 2017.



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