Cyprus trade deficit widened by 20% in 2007

The merchandise trade deficit in Cyprus widened by 20.1% in 2007, reaching 3,084.8 mln in January-December 2007 compared with CYP 2.576.2 mln in January-December 2006, according to the latest figures from the Statistical Service.

The main reason was a 15.2% increase in the value of imports. Total imports/arrivals (covering total imports from third countries and arrivals from other member states) in January-December 2007 amounted to CYP 3,718.5 mln compared with CYP 3.226.9 mln in January-December 2006.

Exports fell in the same period by 2.6%. Total exports/dispatches (covering total exports to third countries and dispatches to other member states) in January-December 2007 reached CYP 633.7 mln compared with CYP 650.7 mln in January-December 2006.

 

December results

 

During December alone, total imports/arrivals (covering total imports from third countries and arrivals from other member states) were valued at CYP 302.5 mln.

Total exports/dispatches (covering total exports to third countries and dispatches to other member states), including stores and provisions, in December 2007 amounted to CYP 45.4 mln.

Εxports/dispatches of domestically produced goods, including stores and provisions, were CYP 21.2 mln whilst exports/dispatches of foreign goods, including stores and provisions, reached CYP 24.2 mln.