Cyprus trade deficit decreased by 300 bl in 1Q of 2013

According to Eurostat, the Statistical office of the European Union, Cyprus total exports for the period January-March 2013 reached 300 million euro, marking an increase of 2% compared to the same period last year. During the same period, the imports marked a decrease of 16%, reaching 1.2 billion euro.

In Greece, total exports reached 6.5 billion euro, marking an increase of 5% compared to the same period of 2012, and the total imports decreased by 8% to 11.7 billion from 12.7 in 2012.

The first estimate for the euro area (EA17) trade in goods balance with the rest of the world in April 2013 gave a 14.9 billion euro surplus, compared with +3.3 bn in April 2012.

As for the EU27, imports from China in the first three months of 2013 were 67.8 billion euro (down by 3%), from Russia were 54.4 billion (down by 3%) and from USA were 48 billion (down by 10%).

At the same time, as regards EU27 export to China reached 34.2 billion (decrease 4%), to Russia reached 28.7 billion (increase 2%) and to USA reached 70.3 billion (decrease 2%).

The EU27 trade surplus increased with the USA (+22.3 bn euro in January-March 2013 compared with +18.4 bn in January-March 2012), Switzerland (+19.2 bn compared with +11.4 bn)