Trade deficit narrows
Cyprus’ trade deficit was EUR 1,175.9 mln in the first five months of the year compared to EUR 1,336.6 mln in the same period lat year, according to the May report of the Statistical Service.
Total imports in January-May amounted to EUR 2,027 mln as compared to EUR 1,971.4 mln in January-May 2014. Total exports in the first five months of the current year rose to EUR 851.1 mln compared to EUR 634.8 mln in the same period of 2014. In May total imports were valued at EUR 432.5 mln. Total exports including stores and provisions in May amounted to EUR 181.4 mln. Exports of domestically produced goods, including stores and provisions, reached EUR 118.5 mln whilst exports of foreign goods, including stores and provisions, were EUR 62.9 mln.
The Statistical Service also announced that on the basis of preliminary estimates for June, total imports were EUR 444.3 mln, of which EUR 323.5 mln were arrivals from other EU member states and EUR 120.8 mln imports from third countries.
Total exports reached EUR 125.7 mln of which EUR 62.4 mln were dispatches to other EU member states and EUR 63.3 mln exports to third countries.