Cyprus trade deficit reached 3.1 billion euro for Jan – Aug 2009

Cyprus’ trade balance reached 3.1 billion euro during the first eight months of 2009, according to Eurostat figures.

Cypriot exports decreased by 23% to 600 million euro and imports reduced by 25% amounting to 3.7 billion euro.

EU trade balance for the same period recorded a surplus of 26.1 billion euro concerning trade with USA and a deficit of 86.4 billion and 29.1 billion concerning trade with China and Russia respectively.