Trade deficit up 4.7%

The trade deficit during the first ten months of the year increased by 4.7% year-on-year to CYP 1.79 bln as imports staged a rebound, while export growth remained the same, the Department of Statistics announced.

Total imports were up 8.7% to CYP 2.35 bln while exports, including reexports were up 23.2% at CYP 551.71 mln. During October, total imports were CYP 270.8 mln, of which CYP 184.8 mln were from other Member States of E.U. and CYP 86 mln imports from Third countries. Total exports were CYP 66.2 mln of which CYP 49 mln were dispatches to other Member States of E.U. and CYP 17.2 mln exports to Third Countries.