Cyprus Trade deficit in the first two months of 2015 down by 28%

Cyprus Trade deficit in the first two months of 2015 down by 28%

Cyprus’ Trade deficit in the first two months of 2015 reached €368.6 million, marking a decline of 28% compared with the corresponding period of 2015 in the context of the continued adjustment of the economy.

According to figures released by the Cyprus Statistical Service on Monday, the trade deficit in January – February 2015 stood at €368.6 million compared with €510. 6 million in January – February 2014.

Total imports increased marginally to €731.8 million compared to €728.1 million January – February 2014. Total exports reached to €363.2 million in the first two months of 2015 compared with €217.4 million in the corresponding period of 2014.

In February total imports reached €343.4 million, compared with €105 million of February 2014, whereas total exports stood at €105.1 million.

Furthermore, according to provisional figures for March, total exports accelerated to €422.6 million, while imports reached to €154.1 million.

CNA/GS/MM/2015
ENDS, CYPRUS NEWS AGENCY