Cyprus’ trade deficit widened 2.2%, to over €2.8bn, in the first eight months of the year compared to the respective period of last year mainly on increased imports, the statistical service said.
Total imports rose 5.5% in January to August, compared to the respective period of 2016, to over €4.8bn, Cystat said in a statement on its website. Total exports rose 10% to over €2bn.
Imports from other European Union members dropped by 7% in the first eight months of the year, to below €3.1bn, while exports plunged 31%, to €756.6m, Cystat said. Imports from third countries rose 27% to below €1.8bn, while exports rose 35%, to €440.4m.
Excluding the import and export of transport equipment such as ships and aircraft, in the first eight months the value of imports was almost €4bn compared to €3.3bn the previous year while the value of exports rose to €1.4bn, from €1.1bn respectively.
Source: Cyprus Mail
