Cyprus January-August trade balance up by €0.2b

Cyprus' external trade deficit in January – August 2014 reached €2.3 billion, marking an increase of 9.5% or €0.2 billion, figures released recently by Eurostat show.

Cypriot exports reached €900 million down by 6%, whereas imports reached €3.2 billion, marking an increase of 4% compared with the corresponding period of 2013.

The euro area (EA18) trade in goods balance with the rest of the world in September 2014 marked a €18.5 billion surplus, compared with +€10.8 billion in September 2013. The August 2014 balance was +€8.6 billion, compared with +€7.2 billion in August 2013. In September 2014 compared with August 2014, seasonally adjusted exports rose by 4.2% and imports by 3.0%

Source: CNA