Cyprus non-EU exports soared in Jan-Feb

Cyprus non-EU exports soared in Jan-Feb
Total exports from Cyprus were doing well in the first two months of the year according to provisional data from the Statistical Service, Cystat.
Total exports including re-exports rose by 11.1% over the year earlier to EUR 221.7 mln, while imports, held back by depressed domestic demand, fell by 8.9% to EUR 799.7 mln.
The main drive behind exports came from beyond the EU, with non-EU exports rising by 27% to EUR 102.5 mln, while EU exports increased by just 0.3% to EUR 119.3 mln.
EU trade also declined on the import side, with imports from the EU down 11.1% to EUR 519.0 mln, while imports from outside the EU rise by 1.6% to EUR 280.7 mln.
In 2012 exports rose by 1.2% to EUR 1.4 bln, while imports dropped by 9% to EUR 5.7 bln. Imports were therefore around four times larger than exports.
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