Cyprus trade deficit for Q1 2014 reaches €1.1 b

Cyprus' trade deficit for the period of January – April 2014 reached €1.1 billion marking an increase of €0.1 billion compared with the corresponding period of 2013, figures released recently by Eurostat show.

Cyprus’ total exports in the first five months of the year amounted to €500 million, down by 12% compared with January – April 2014, whereas total imports reached €1.5 billion, the same as January – April 2013.

The EU registered a trade surplus of €32.1 billion in trade surplus with the US, whereas trade with the China and Russia recorded a deficit of €41.3 billion and €30.8 billion respectively.

Source: Famagusta Gazette