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    21 July 2017

    Trade deficit reached €1.65b in first four months of 2017

    Trade deficit reached €1.65b in first four months of 2017

    Cyprus` trade deficit deteriorated as imports increased, while exports recorded a drop during the first four months of the year, data released by the Cyprus Statistical Service published recently shows.

    According to the data the trade deficit in the period January-April 2017 came to €1.65 billion compared to €0.72 billion at the same period of 2016.

    Total goods imports in the first four months of this year were of a value of €2,418.2 million, compared to €1,778.2 million at the same period of last year.

    During the same period of this year total goods exports came to €761.5 million compared to €1,042.6 million in the first four months of 2016.

    For the period of January-April 2017 total exports of locally produced products, with the exception of vessels’ and airplanes’ provisions came to €389.7 million.

    Source: CNA

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