According to initial estimates by CyStat, total exports during the first quarter of 2016 reached €369.5 million compared to €526.6 million during the first quarter of 2015, an increase of €156 million or 29.7%.
Total imports for the period of January-March 2016 reached €1.1 billion, compared to €1.16 billion during the same quarter last year, a decrease of 5.5%.
In March 2016, total imports/arrivals reached €407.5 million, or which €295.1 million were due to arrivals from other EU member states, and €112.4 million imports from third countries.
On the other hand, total exports reached €142.6 million of which €61.9 million were exports to other EU member states, while €80.7 million were exports to third countries.
The trade deficit in March reached €264.9 million compared to €241.4 million in February, a decrease of €5 million or 1.87% compared to March 2015.
Source: InCyprus
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
Read Georg Bühler's Insight
