Cyprus trade deficit reaches almost EUR 2 bln in Jan-Apr 2008

The Cyprus trade deficit widened to EUR 1,929.2 mln in January-April 2008 compared with EUR 1,539.7 mln in January-April 2007, according to the latest figures from the Statistical Service.
This amount equivalent to around 37% of GDP in 2007.
Total imports/arrivals (covering total imports from third countries and arrivals from other member states) in January-April 2008 amounted to EUR 2,286.3 mln, compared with EUR 1,908.9 mln in January-April 2007.
Total exports/dispatches (covering total exports to third countries and dispatches to other member states) in January-April 2008 reached 357.1 mln, compared with EUR 369.2 mln in January-April 2007.
In April alone total imports/arrivals were valued at EUR 595.6 mln.
Total exports/dispatches amounted to EUR 93.5 mln. Εxports/dispatches of domestically produced goods, including stores and provisions, reached 48.3 mln whilst exports/dispatches of foreign goods, including stores and provisions, reached 45.2 mln.
According to preliminary data for May, total imports/ arrivals reached EUR 585.8 mln, of which EUR 355.6 mn was arrivals from other EU countries and EUR 230.1 mln imports from third countries.
Total exports/dispatches reached EUR 107.3 mln, of which EUR 73.3 mln were dispatches to other member states of the EU and EUR 34.0 mln exports to third countries.

The monthly report “Intra-Extra E.U Trade Statistics (Summarised Data)” for April 2008 is available from the Printing Office of the Republic of Cyprus in Nicosia at the price of EUR 3.00/CYP 1.76.
The report is also available is 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).