articles | 12 August 2014

Trade deficit widens to €1.33 bln in Jan-May 2014

The trade deficit in the first five months of the year rose to €1.33 bln, compared to €1.22 bln in the same period of 2013, data released by the Statistical Service Cystat has shown.

According to the data, total imports/arrivals in January - May amounted to €1,961.5 million as compared to €1,898 million in January-May 2013. 
 Total exports/dispatches reached €629 million compared to €676.1 million in January - May 2013. 
The trade deficit was recorded at €1,332.5 million in January - May 2014 compared to €1,221.9 million in the corresponding period of 2013. 
In May 2014 total imports/arrivals were valued at €432.7 million. 


Total exports/dispatches including stores and provisions, in May 2014 amounted to €141.8 million. Exports/dispatches of domestically produced goods, including stores and provisions, were €74 million whilst exports/dispatches of foreign goods, including stores and provisions, were €67.8 million.

Source: Financial Mirror

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