Cyprus’ trade deficit decreased by 205 million euro in Q1 2012

Total imports /arrivals in January – April, according to the figures released Tuesday by the Statistical Service, decreased l by 206.57 million euros to 1.88 billion compared with 2.09 billion euro in last year’s corresponding period.

Total exports / dispatches recorded ​​during the first quarter of the year a slight decrease, reaching 464.12 million euros compared with 645.46 million euro in the corresponding quarter of 2011.

Moreover, trade deficit dropped in April 2012 to 354.69 million euro, compared with a deficit of 401.31 million euro in April 2011, according to Statistical Service’s preliminary estimates.

In April 2012, total imports/ arrivals were 493,0 mn euro, of which 322,6 mn euro were arrivals from other EU member states and 170,4 mn euro imports from third countries.

Total exports/dispatches were 138,3 mn euro of which 71,5 mn euro were dispatches to other member states of E.U. and 66,8 mn euro exports to third countries.