The total value of Cyprus’ exports during the first four months of the year came to €500 million, recording an increase of 14% in relation to the corresponding period of 2012. Imports on the other hand were of a value of €1.5 billion, down by 20% compared to €1.9 billion during the first four months of 2012. Cyprus’ trade deficit during the months of January to April came to €1 billion compared to €1.5 billion during the same months last year.

EU 27 imports from China came to €65.3 billion down by 4%, imports from Russia came to €51.6 billion up by 3%, while imports from the US stood at €49.0 billion down by 4%. At the same period EU exports to China were recorded at €38.7 billion down by 3%, EU exports to Russia reached €29.0 billion marking an increase of 4%, while EU exports to the US came to €72.1 billion, recording an increase of 2%.

The EU27 trade surplus increased with the USA (+€30.5 billion in January-April 2013 compared with +€24.1 billion in January-April 2012), Switzerland (+€27.0 billion compared with +€14.5 billion) and Turkey (+€9.1 billion compared with +€7.9 billion).

The EU27 trade deficit fell with China (-€41.8 billion compared with -€44.8 billion), Russia (€32.9 billion compared with -€35.5 billion), Norway (-€13.7 billion compared with -€20.7 billion) and Japan (-€1.3 billion compared with -€4.5 billion).

Source: Financial Mirror