articles | 10 February 2017

Cyprus external trade balance deficit at €781 mn in 2016

The deficit in Cyprus' external trade balance rose to €781 mn compared to 2015, due to the increase of imports and the small number of exports, according to provisional data for foreign trade released by the Statistic Service of the Republic of Cyprus.

It said that the deficit in trade balance in 2016 rose to €4.18 bn from €3.40 bn in 2015.

Imports increased last year by €765 mn to €5.90 bn, from €5.14 bn in 2015, while exports went down by €15.52 mn to €1.72 bn from €1.73 bn in 2015.

Meanwhile, on the basis of preliminary estimates for Foreign Trade of Cyprus in December 2016, total imports / arrivals were €561.8 mn, of which €352.4 mn were arrivals from other Member States of E.U. and €209.4 mn imports from Third Countries.

Total exports/dispatches were €154.2 mn of which €59.0 mn were dispatches to other Member States of E.U.

Source: CNA

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