articles | 14 July 2017

Cyprus trade deficit reaches €2.0b in January-May 2017

Cyprus total exports in the period January to May 2017 amounted to €1.0 billion, declining by 16% compared to the same period of 2016.

Meanwhile, total imports to Cyprus amounted to €3.0 billion, a 6% increase since last year, €1.9 billion from the EU (-9%) and €1.2 billion for the rest of the world (46% increase). 

That leaves Cyprus with a negative trade balance of €2.0 billion, compares to €-1.7 billion in the same period of 2016 (-€1.5 with the EU and - €0.6 with the rest of the world.

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2017 was €189.6 billion, an increase of 12.9% compared with May 2016 (€167.8 billion).

Source: CNA

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