Nicosia, September 15, 2016/Independent Balkan News Agency
The first estimate for euro area (EA19) exports of goods to the rest of the world in July 2016 was €167.2 billion, a decrease of 10% compared with July 2015 (€185.4 bn). Imports from the rest of the world stood at €142.0 bn, a fall of 8% compared with July 2015 (€154.4 bn). As a result, the euro area recorded a €25.3 bn surplus in trade in goods with the rest of the world in July 2016, compared with +€31.1 bn in July 2015. Intra-euro area trade fell to €137.3 bn in July 2016, down by 7% compared with July 2015.
For Cyprus total exports worth was 0.9 billion in the first six months of the year, but still are down by -16% compared to same period of 2015. Meanwhile total imports cost 3.4 billion, an increase of 16%, counting for a trade balance of -2.5 billion euro in the period January to July (-2.2 with the EU and -0.3 with the rest of the world).
Cypriot exports to the EU worth 0.5 billion a -23% drop since last year and 0.5billion with the rest of the world, a -8% drop. Imports from the EU worth 2.7 billion, a 23% increase and 0.8 billion with the rest of the world, a -4% drop.
Source: Cyprus News Agency