Trade deficit widens

Trade deficit for the period January-November 2017 recorded an increase of 18.6% for the period January-November 2017 compared to the corresponding period of 2016.

According to data released Thursday by the Statistical Service of Cyprus trade deficit was €4.659,3 mn in January-November 2017 compared to €3,929.4 mn in the corresponding period of 2016.

Total imports (covering total imports from third countries and from EU Member States) in January-November 2017 amounted to €7,336.4 mn as compared to €6,444.7 mn in January-November 2016.

Total exports (covering total exports to third countries and to EU Member States) in January-November 2017 were €2,677.1 mn compared to €2,515.4 mn in January-November 2016.

During November 2017 total imports (covering total imports from third countries and from EU Member States) valued at €1,016.9 mn as compared to €866.0 mn in November 2016.

Total exports (covering total exports to third countries and to EU Member States), including stores and provisions, in November 2017 amounted to €226.3 mn as compared to €215.0 mn in November 2016. Exports of domestically produced goods, including stores and provisions in November 2017 were €128.2 mn as compared to €99.0 mn in November 2016 whilst exports of foreign goods, including stores and provisions, in November 2017 were €98.1 mn as compared to €116.0 mn in November 2016.

 Total domestic exports of industrial products in November 2017 were €121.6 mn compared to €90.0 mn in November 2016. Total domestic exports of agricultural products in November 2017 were €5.2 mn compared to €6.6 mn in November 2016