CYPRUS: January-August trade deficit declines to 2.93 billion euros

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Cyprus’ external trade deficit for the period of January – August declined by €392 million reaching €2.93 billion, from €3.32 in the corresponding period of 2011.

According to preliminary estimates of the Cyprus Statistical Service, total imports in the first eight months of 2012 dropped by €378 million reaching €3.89 billion, whereas total exports rose by €14.3 million reaching €961.5 million. According to the preliminary figures, in August the deficit in the trade balance declined by €97 million reaching €359.4 million.

Total imports in August 2012 amounted to €456.2 million from €562.9 million, of which €318.0 million were imports from EU member-states and €147.2 fro non EU states.

Total exports in August reached €105.7 from €106.1 million, of which €62.5 million were dispatched to EU member-states and €43.2 to third-states (non EU member-states).

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