Local
articles | 01 January 2018

Cyprus trade deficit increases by €162.1 mn in the first nine months of 2017

The trade deficit increased by €162.1 mn as a result of a significant increase in imports in the first nine months of the year, compared to the same period last year.

The Statistical Service of Cyprus reported last week that the trade deficit was €3.165,5 mn in January - September 2017 compared to €3.003,4 mn in the corresponding period of 2016. 

Total imports in January - September 2017 amounted to €5.434,4 mn as compared to €5.085,3 mn in January - September 2016. Total exports were €2.268,9 mn compared to €2.081,9 mn in January - September 2016.

Cystat said that total exports of domestically produced goods, excluding stores and provisions, in the first nine months of the year were €909,7 mn compared to €649,6 mn in the same period of 2016.

Total domestic exports of industrial products in January - September 2017 were €824,1 mn compared to €556,9 mn in January - September 2016.

Total domestic exports of agricultural products in January - September 2017 were €80,6 mn compared to €84,0 mn in January - September 2016.

Source: Famagusta Gazette

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