Trade deficit lower in first five months, compared to last year

Trade deficit lower in first five months, compared to last year

Cyprus` trade deficit was €1.175,9mn in the first five months of the year compared to €1.336,6mn in the corresponding period of 2014. the Statistical Service of Cyprus announced on Monday in its new monthly publication “Intra-Extra EU Trade Statistics (Summarised Data)” for May 2015.

According to the figures of the Statistical Service, total imports in January-May amounted to €2.027,0mn as compared to €1.971,4mn in January-May 2014. Total exports in the first five months of the current year were €851,1mn compared to €634,8mn in the same period of 2014.

In May total imports were valued at €432,5mn.

Total exports including stores and provisions in the fifth month of the year amounted to €181,4mn. Exports of domestically produced goods, including stores and provisions, were €118,5mn whilst exports of foreign goods, including stores and provisions, were €62,9mn.

The Statistical Service announced also that on the basis of preliminary estimates for June, total imports were €444,3 mn, of which €323,5 mn were arrivals from other member states of the EU and €120,8 mn imports from third countries.

Total exports were €125,7 mn of which €62,4 mn were dispatches to other member states of EU and €63,3 mn exports to third countries.

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