articles | 13 October 2015

Trade deficit narrows in Jan-Aug 2015

The trade deficit narrowed to €2.15 bln in the first eight months of the year, compared to €2.27 bln in the same period in 2014, according to the Statistical Service Cystat.

Total imports in August reached €405.8 million, of which €286.6 million was from EU member states and €119.2 million from third countries.

Total exports in August reached €97.3 million, of which €50.9 million to other EU member states and €46.4 million to third countries.

Last week, Cystat said that the trade deficit for January-July dropped to EUR €1.84 billion from €1.95 billion in the same period of 2014. Total imports were up at €2.97 billion from €2.86 billion in January-July 2014, while exports improved to €1.125 billion from €914 million in January-July 2014.

July 2015 imports reached €454.9 million and exports totalled €130.7 million.

Source: Financial Mirror

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