Local
articles | 15 March 2019 | ServPRO Accountants & Consultants

Trade deficit drops in Cyprus

According to the new statistical data, the trade deficit dropped to €4.9bn in 2018, down from €5.3bn in 2017.

Total imports, both from the EU and third countries amounted to €9.2bn in 2018 as compared to €8.2bn in 2017. Total exports amounted to €4.3bn in 2018 as compared to €2.9bn in 2017.

In depth analysis shows that in December 2018, total imports amounted to €847m as compared to €725m in December 2017 whereas total exports, including stores and provisions, amounted to €163m compared to €232m in December 2017.

Furthermore, exports of domestically produced goods in December 2018, including stores and provisions, amounted to €92m compared to €98m in December 2017 whereas exports of foreign goods , including stores and provisions, in December 2018 amounted to €71m compared to €134m in December 2017.

Exports of domestic industrial products amounted to €85m in December 2018 compared to €87m in December 2017 and exports of domestic agricultural products amounted to €5m in December 2018 compared to €8m in December 2017.

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