Cyprus` trade deficit fell from €1,865.8 million in the first five months of last year to €1,723.6 million in the first five months of this year, data released by the Cyprus Statistical Service, on Friday, show.
In particular according to the electronic publication "Intra & Extra EU Trade Statistics" for the period of January - May 2020 total imports of goods from EU member states and third countries in January – May 2020 amounted to €2,990.7 mn as compared to €3,345.0 mn in January – May 2019, recording a decrease of 10.6%.
Total exports of goods to EU member states and third countries in January – May 2020 were €1,267.1 mn compared to €1,479.2 mn in the same period of 2019, registering a drop of 14,3%.
The trade deficit was €1,723.6 mn in January – May 2020 compared to €1,865.8 mn in the corresponding period of 2019, CyStat says.
According to the data the EU was the main source of supply of goods to Cyprus with a share of €1,719.6 mn of total imports, while imports from all other European countries totalled €367.0 mn in January - May 2020. Imports from the rest of the world amounted to €904.1 mn.
Exports to the EU accounted for €350.9 mn, while exports to all other European countries for €130.4 mn in January - May 2020. Exports to the rest of the world amounted to €785.8.