articles | 11 July 2016

Trade deficit up in Q1 2016

The Statistical Service of Cyprus announced that it has published the new monthly electronic publication 'Intra-Extra EU Trade Statistics (Summarised Data)' for April 2016.

The main developments in Cyprus foreign trade were:

Total imports/arrivals (covering total imports from third countries and arrivals from other Member States) in January-April 2016 amounted to €1,512.4 million as compared to €1,648.4 million in January-April 2015. Total exports/dispatches (covering total exports to third countries and dispatches to other Member States) in January-April 2016 were €523.7 million compared to €676.9 million in January-April 2015. The trade deficit was €988.7 million in January-April 2016 compared to €971.5 million in the corresponding period of 2015.

During April 2016 total imports/arrivals (covering total imports from third countries and arrivals from other Member States) valued at €405.3 million.

Total exports/dispatches (covering total exports to third countries and dispatches to other Member States), including stores and provisions, in April 2016 amounted to €153.8 million. Exports/dispatches of domestically produced goods, including stores and provisions, were €84.0 million whilst exports/dispatches of foreign goods, including stores and provisions, were €69.8 million.

Source: InCyprus

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