Cyprus trade deficit swells 17% to CYP 2.2 bln

The trade deficit in Cyprus swelled by 17.3% to CYP 2,124.8 mln in January-October 2006 compared to CYP 1,811.8 mln in January-October 2005.

The figures came with the announcement by the Statistical Service of Cyprus that it had published the monthly report “Intra-Extra E.U Trade Statistics (Summarised Data)” for October 2006.

The main developments in Cyprus foreign trade were as follows.

Total imports/arrivals (covering total imports from third countries and arrivals from other Member States) in January-October 2006 amounted to CYP 2,654.6 mln as compared to CYP 2,385.5 mln in January-October 2005.

Total exports/dispatches (covering total exports to third countries and dispatches to other Member States) in January-October 2006 were CYP 529.8 mln compared to CYP 573.7 mln in January-October 2005.

The trade deficit was CYP 2,124.8 mln in January-October 2006 compared to CYP 1,811.8 mln in January-October 2005.

During October 2006 total imports/arrivals (covering total imports from third countries and arrivals from other Member States) valued at CYP 271.9 mln.

Total exports/dispatches (covering total exports to third countries and dispatches to other Member States), including stores and provisions, in October 2006 amounted to CYP 45.1 mln.

Εxports/dispatches of domestically produced goods, including stores and provisions, were CYP 18.7 mln and exports/dispatches of foreign goods, including stores and provisions, CYP 26.4 mln.

The monthly report “Intra-Extra E.U Trade Statistics (Summarised Data)” for October 2006 is available from the Printing Office of the Republic of Cyprus in Nicosia at the price of CYP 2.00.

The report is also available for download free of charge from the website of the Statistical Service. under the Section “Publications” (Category: Monthly Publications. Theme: External Trade. Subtheme: All).