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Financial Mirror (Cyprus) - - FRONT PAGE -

The trade deficit nar­rowed to EUR 94.8 mln in Jan­uary, com­pared to 300 mln in De­cem­ber, which saw the past year close at a wider EUR 3.7 bln.

On the ba­sis of pre­lim­i­nary es­ti­mates for for­eign trade in Jan­uary 2015, to­tal im­ports and ar­rivals reached EUR 352.3 mln, of which EUR 255.3 mln were ar­rivals from other mem­ber states of EU and EUR 97.0 mn im­ports from third coun­tries, the sta­tis­ti­cal ser­vice Cy­s­tat said.

It added that to­tal ex­ports/dis­patches reached EUR 257.5 mln of which EUR 213.2 mln were dis­patches to other mem­ber states of EU and EUR 44.3 mln ex­ports to third coun­tries.

In an ear­lier re­port, the trade deficit for the whole of 2014 widened to EUR 3.69 bln com­pared to EUR 3.22 bln in the year be­fore, with im­ports con­tin­u­ing to rise and ex­ports steadily fall­ing.

The for­eign trade statis­tics re­port for De­cem­ber by Cy­s­tat showed to­tal im­ports/ar­rivals in Jan­uary-De­cem­ber 2014 amounted to EUR 5.13 bln com­pared to EUR 4.83 bln in the year-ear­lier pe­riod. To­tal ex­ports/dis­patches reached EUR 1.44 bln com­pared to EUR 1.61 bln in Jan­uary-De­cem­ber 2013.

Cy­s­tat said that dur­ing De­cem­ber 2014 to­tal im­ports/ar­rivals were val­ued at EUR 379.9 mln while to­tal ex­ports/dis­patches reached EUR 111.7 mln. Ex­ports/dis­patches of do­mes­ti­cally pro­duced goods, in­clud­ing stores and pro­vi­sions, were EUR 57 mln, whilst ex­ports/dis­patches of for­eign goods, in­clud­ing stores and pro­vi­sions, were EUR 54.7 mln.

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