CYPRUS: Trade deficit narrows by €353 mln y-o-y

Cyprus’ foreign trade deficit was reduced by a provisional €353 mln in the January to November period compared to the same 11-month period in 2014, and remained at similar level with the first ten months of 2015, according to the statistical service Cystat.

 
From January to November 2015, the trade deficit dropped to €3.07 bln from €3.42 bln in the same period of 2014, while in November alone, the deficit reached €290.87 mln, compared to €291.22 mln in November 2014.
Total imports and arrivals were worth €421.9 mln, of which €311.2 mln originated from EU member states and the rest, €110.7 mln, came from third countries.
Total exports and dispatches were €131 mln, of which €58.4 mln were dispatches to other member states and €72.6 mln exports to third countries.
Final data for January-October 2015 showed that the trade deficit narrowed to €2.77 bln from €3.13 bln in the same period of 2014.
Total imports and arrivals from third countries and EU member states amounted to €4,238.7 mln, compared to €4,362.3 mln in January-October 2014.
Total exports and dispatches to third countries and to other member states were €1,459.5 mln compared to €1,230.1 mln in January-October 2014.
The trade deficit in October 2015 was €311.42 mln, down from €333.09 mln in October 2014.
During the same month, total imports and arrivals from third countries and from other member states were worth €429.3 mln. Total exports and dispatches, including stores and provisions, in October 2015 amounted to €117.9 mln.
Εxports and dispatches of domestically produced goods, including stores and provisions, were €60.9 mln, whilst exports and dispatches of foreign goods, including stores and provisions, were €57 mln.