CYPRUS: Trade deficit widens to €3.7 bln

The trade deficit for the whole of 2014 widened to €3.69 bln compared to €3.22 bln in the year before, with imports continuing to rise and exports steadily falling.

The foreign trade statistics report for December by the Statistical Service Cystat showed total imports/arrivals in January-December 2014 amounted to €5,13 bln compared to €4.83 bln in the year-earlier period. Total exports/dispatches reached €1.44 bln compared to €1.61 bln in January-December 2013.
Cystat said that during December 2014 total imports/arrivals were valued at €379.9 mln while total exports/dispatches reached €111.7 mln.Exports/dispatches of domestically produced goods, including stores and provisions, were €57 mln, whilst exports/dispatches of foreign goods, including stores and provisions, were €54.7 mln.