Foreign trade deficit reduced by €353 mln between January-November 2015

Foreign trade deficit reduced by €353 mln between January-November 2015

Nicosia, January 11, 2016/Independent Balkan News Agency

Cyprus` foreign trade deficit was reduced by €353 mln during the period from January to November 2015, compared to the same period in 2014, according to provisional data released by the Statistical Service of the Republic of Cyprus.

Trade deficit levels remained similar to those during the first ten months of 2015.

In particular, from January to November 2015, deficit reached €3.07 bln euros, compared to €3.42 bln in the same period of 2014.

In November alone, deficit reached €290.87 mln, compared to €291.22 mln in November 2014.

Total imports and arrivals were worth €421.9 mln, of which €311.2 mln originated from EU member states and the rest, €110.7 mln, came from third countries.

Total exports and dispatches were €131 mln, of which €58.4 mln were dispatches to other member states and €72.6 mln exports to third countries.

Final data concerning the January-October 2015 period show, moreover, that the trade deficit reached €2.77 bln, compared to €3.13 bln in the same period of 2014.

Total imports and arrivals from third countries and EU member states amounted to €4,238.7 mln, as compared to €4,362.3 mln in January-October 2014.

Total exports and dispatches to third countries and to other member states were €1,459.5 mln compared to €1,230.1 mln in January-October 2014.

Trade deficit in October 2015 stood at €311.42 mln, compared to €333.09 mln in October 2014.

During the same month, total imports and arrivals from third countries and from other member states were worth €429.3 mln.

Total exports and dispatches, including stores and provisions, in October 2015 amounted to €117.9 mln.

Εxports and dispatches of domestically produced goods, including stores and provisions, were €60.9 mln whilst exports and dispatches of foreign goods, including stores and provisions, were €57 mln.

Source: CNA