articles | 11 December 2015

Cyprus January-October 2015 external trade deficit dips

Cyprus external trade deficit for the period of January–October 2015 declined by 11,38% mainly due to soaring exports, according to preliminary data published by the Statistical Service.

Total imports in the ten months of 2015 reached €4.23 billion marking a reduction of 2.94% compared with €4.36 bl in the corresponding period of 2014. Imports from the EU countries reached €3.03 bl whereas imports from non-EU countries amounted to €1.20 bl.

Total imports in the ten months of 2015 increased by 18.51% to €1.45 bl compared with €1.23 bl in January–October 2014. Exports to EU countries reached €0.76 bl and exports to non-EU countries amounted to €0.68 bl.

In October 2015, total import /arrivals reached €424.3 mn, of which €310.4 mn were arrivals from other EU member-states and €113,9 mn imports from non-EU countries. Total exports/dispatches were €116,3 mn of which €50,7 mn were dispatches to other Member States of E.U. and €65,6 mn exports to non-EU countries.

External Trade deficit for October amounted to €307.9 mn.

Source: Famagusta Gazette

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