Local
articles | 11 November 2014

Cyprus enjoys September 2014 import boom

Imports increased sharply in September, while exports dropped, according to new Cyprus Statistical Service (Cystat) data.

According to the figures, released on Monday, imports surged 40.9% to €624.1 million compared to €443.1 million in September 2013. In August there was an increase of 10.3%.

For the period January – September, imports rose 7.6% to €3856 million from €3584 million. As regards to the value of exports, they decreased by 22.8% in September to €113 million from €146.5 million in September 2013. In August, there was a decrease of 10%.

In the first nine months of the year, exports recorded a decline of 8% to €1108.6 million from €1209.3 million in the corresponding period of 2013.

The trade deficit for the period January - September amounted to €2774 million from €2375 million in the corresponding period of 2013.

Source: InCyprus

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