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ECONOMY

Cystat: Trade Deficit at €2,108.2mn in January-May 2017

Cystat: Trade Deficit at €2,108.2mn in January-May 2017

The Statistical Service of Cyprus announces that it has published the new monthly electronic publication “Intra-Extra EU Trade Statistics” for May 2017.

The main developments in Cyprus foreign trade were:

Total imports/arrivals (covering total imports from third countries and arrivals from other EU Member States) in January-May 2017 amounted to €3,144.1mn as compared to €2,858.9mn in January-May 2016.

 Total exports/dispatches (covering total exports to third countries and dispatches to other EU Member States) in January- May 2017 were €1,035.9mn compared to €1,198.6mn in January-May 2016.

The trade deficit was €2,108.2mn in January-May 2017 compared to €1,660.3mn in the corresponding period of 2016.

During May 2017 total imports/arrivals (covering total imports from third countries and arrivals from other EU Member States) valued at €707.3mn as compared to €1,080.7mn in May 2016.

Total exports/dispatches (covering total exports to third countries and dispatches to other EU Member States), including stores and provisions, in May 2017 amounted to €267.4mn as compared to €156.0mn in May 2016.

Exports/dispatches of domestically produced goods, including stores and provisions, were €136,2mn as compared to €81.0mn in May 2016 whilst exports/dispatches of foreign goods, including stores and provisions, were €131.2mn as compared to €75.0mn in May 2016.

Total domestic exports of industrial products in May 2017 were €120.7mn compared to €64.7mn in May 2016. Total domestic exports of agricultural products in May 2017 were €14.1mn compared to €14.9mn in May 2016.

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