10/10/2005 16:03
According to CYSTAT data released on Monday, exports in August recorded a significant increase of 45% to £52 million against £36 million in the corresponding month of 2004. Their total value in January-August increased by 23% to £422 million against £343 million in the corresponding period of 2004.
Similarly, imports showed an increase of 8% to £214 million in August against £198 million last year.
The total value of exports in January-August 2005 surged 6% to £1,806 million against £1,708 million in 2004.
This is mostly attributable to the island’s accession in the EU, which pushed the arrivals of EU goods up. In January-August, £1,212 of the total imports was from EU countries.
The foreign trade data are not fully comparable due to the different methods that CYSTAT used before May 2004.
Similarly, imports showed an increase of 8% to £214 million in August against £198 million last year.
The total value of exports in January-August 2005 surged 6% to £1,806 million against £1,708 million in 2004.
This is mostly attributable to the island’s accession in the EU, which pushed the arrivals of EU goods up. In January-August, £1,212 of the total imports was from EU countries.
The foreign trade data are not fully comparable due to the different methods that CYSTAT used before May 2004.
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