1H trade deficit ex­pands by 43%, pharma and hal­loumi drive ex­ports

Financial Mirror (Cyprus) - - FRONT PAGE -

The first half trade deficit ex­panded by 43% to EUR 2.20 bln, from EUR1.54 bln in the Jan­uary-June pe­riod of 2015, ac­cord­ing to the Sta­tis­ti­cal Ser­vice Cy­s­tat.

To­tal im­ports in Jan­uary-June 2016 amounted to EUR 2.99 bln, com­pared to EUR 2.55 bln in Jan­uaryJune 2015, an in­crease of EUR 454 mln.

Im­ports from EU coun­tries amounted EUR 2.33 bln, of which im­ports from Ger­many stood at EUR 760 mln, from Greece EUR 564 mln, from Italy EUR 184 mln and from the UK at EUR 174 mln.

Im­ports from the rest of the world to­talled EUR 580 mln, of which China ac­counted for EUR 121 mln, fol­lowed by Is­rael with EUR 98 mln and In­dia with EUR 31 mln, while im­ports from the US reached EUR 28 mln.

To­tal ex­ports in the Jan­uary-June pe­riod reached EUR 791 mln com­pared to EUR1 bln in Jan­uary-June 2015, a de­crease of EUR 211 mln.

Ex­ports to EU coun­tries to­talled EUR 346 mln. Ex­ports to Greece to­talled EUR 110 mln, fol­lowed by the UK with EUR 74 mln and Slo­vakia with EUR 24 mln.

Ex­ports to the Mid­dle East to­talled EUR 122 mln, while ex­ports to Asia reached EUR 68 mln.

Phar­ma­ceu­ti­cals were the big­gest ex­ports at EUR 108 mln, un­changed from 2015. Hal­loumi was the sec­ond best ex­port amount­ing EUR 71 mln, an in­crease of 20.5% com­pared to EUR 59 mln in the cor­re­spond­ing pe­riod of 2015.

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