Local
articles | 08 September 2016

Cyprus' trade deficit grows in H1 2016

The Cyprus Statistical Service issued a report outlining the developments in external trade for June 2016.

The main developments in Cyprus foreign trade were:

(a)   Total imports/arrivals (covering total imports from third countries and arrivals from other Member States) in January-June 2016 amounted to €2,996.8mn as compared to €2,547.3mn in January-June 2015. Total exports/dispatches (covering total exports to third countries and dispatches to other Member States) in January-June 2016 were €791.8mn compared to €1,003.6mn in January-June 2015. The trade deficit was €2,205.0mn in January-June 2016 compared to €1,543.7mn in the corresponding period of 2015.

(b)   During June 2016 total imports/arrivals (covering total imports from third countries and arrivals from other Member States) valued at €465.6mn.

(c)   Total exports/dispatches (covering total exports to third countries and dispatches to other Member States), including stores and provisions, in June 2016 amounted to €132.0mn. Εxports/dispatches of domestically produced goods, including stores and provisions, were €66.8mn whilst exports/dispatches of foreign goods, including stores and provisions, were €65.2mn.

Source: InCyprus

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