Local
articles | 25 September 2017

Cyprus trade deficit up by 12.6% in H1 2017

Trade deficit was up by 12.6% in the first six months of 2017, data released by the Cyprus Statistical Service show.

On the basis of the Statistical Service’s publication ‘Intra-Extra EU Trade Statistics’ for the period of January–June 2017 total imports in January-June 2017 amounted to €3,681.0m as compared to €3,552.3m in January-June 2016. 

Total exports in January-June 2017 were €1,319.0m compared to €1,454.4m in January-June 2016.

The trade deficit was €2,361.9m in January-June 2017 compared to €2,097.9m in the same period of 2016, recording an increase of 12.6%.

At the same time, total exports of domestically produced goods, excluding stores and provisions, in January-June 2017 were €621.6m compared to €439.4m in the first six months of 2016.

Total domestic exports of industrial products in January- June 2017 were €552.8m compared to €363.9m in January-June 2016.

Total domestic exports of agricultural products in January-June 2017 were €65.4m compared to €69.7m at the same period last year.

Source: Famagusta Gazette

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