Local
articles | 10 December 2013

Cyprus trade deficit drops by €917m

A significant drop in imports in the first nine months of 2013 has resulted in a reduction of the trade deficit by €917.5 million compared to the same period of 2012, recently published data by the Cyprus Statistical Service shows.

According to the monthly report 'Intra-Extra E.U Trade Statistics (Summarised Data)' for September 2013, total imports/arrivals (covering total imports from third countries and arrivals from other Member States) in January-September 2013 amounted to €3,554.9m as compared to €4,349.7m in January-September 2012. Total exports/dispatches (covering total exports to third countries and dispatches to other Member States) in January-September 2013 were €1,200.7m compared to €1,078.0m in January-September 2012. The trade deficit stood at €2,354.2m in the period of January-September 2013 compared to €3,271.7m in the corresponding period of 2012.

At the same time the data show that during September 2013 total imports/arrivals (covering total imports from third countries and arrivals from other Member States) were valued at €426.9m. On the other hand total exports/dispatches (covering total exports to third countries and dispatches to other Member States), including stores and provisions, in September 2013 amounted to €145.6m. Exports/dispatches of domestically produced goods, including stores and provisions, were recorded at €49.8m whilst exports/dispatches of foreign goods, including stores and provisions, at €95.7m.

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