Trade deficit rose by €661,3 million in first six months

Trade deficit rose by €661,3 million in first six months

Nicosia, September 8, 2016/Independent Balkan News Agency

Cyprus’ trade deficit rose by €661,3 million in the first half of the year, compared to the same period last year, due to an increase in imports and a decrease of exports.

According to the Statistical Service of Cyprus total imports/arrivals from third countries and from other Member States in January-June 2016 amounted to €2.996,8mn as compared to €2.547,3mn in January-June 2015.

Total exports/dispatches to third countries and to other Member States in January-June 2016 were €791,8mn compared to €1.003,6mn in January-June 2015.

Therefore, the trade deficit stood at €2.205,0mn in January-June 2016 compared to €1.543,7mn in the corresponding period of 2015.

During June 2016 total imports/arrivals from third countries and arrivals from other Member States valued at €465,6mn.

Total exports/dispatches to third countries and dispatches to other Member States, including stores and provisions, in June 2016 amounted to €132,0mn.

Εxports/dispatches of domestically produced goods, including stores and provisions, were €66,8mn whilst exports/dispatches of foreign goods, including stores and provisions, were €65,2mn.

Source: Cyprus News Agency