Cyprus’ trade deficit in January 2019 declined to €277.6 million, marking a reduction of 33% compared to 416.4 million in January 2018.
The reduction is mainly due to rising exports, associated with exports of stores and provisions for ships and aiplanes.
According to Cystat’s “Intra-Extra EU Trade Statistics (by commodity and country)” for January 2019 total imports in January 2019 amounted to €811.2 mn as compared to €621.9 mn in January 2018.
Total exports (covering total exports to third countries and to EU Member States) in January 2019 amounted to €533.6 mn compared to €205.5 mn in January 2018.
Furthermore, total exports of domestically produced goods, excluding stores and provisions, in January 2019 reached €74.5 mn compared to €115.2 mn in the respective period of 2018.
Total domestic exports of industrial products in January 2019 were €66.5 mn compared to €106 mn in January 2018.
According to Cystat, total domestic exports of agricultural products in January 2019 were €6.4 mn compared to €8.0 mn in January 2018