News Local Trade deficit decreases by €314 million in January - August 2018

Trade deficit decreases by €314 million in January – August 2018

Trade deficit in the period January – August 2018 decreased by €314 million compared to the corresponding period of 2017.
According to a publication by the Statistical Service of Cyprus trade deficit was €2,649.8 mn in January-August 2018 compared to €2,963.8 mn in the corresponding period of 2017.

Total imports (covering total imports from third countries and from EU Member States) in January-August 2018 amounted to €5,923.7 mn as compared to €5,025.6 mn in January-August 2017. Total exports (covering total exports to third countries and to EU Member States) in January-August 2018 were €3,273.9 mn compared to €2,061.8 mn in January-August 2017.

During August 2018 total imports (covering total imports from third countries and from EU Member States) valued at €628.4 mn as compared to €622.7 mn in August 2017.

Total exports (covering total exports to third countries and to EU Member States), including stores and provisions, in August 2018 amounted to €264.2 mn as compared to €254.3 mn in August 2017. Exports of domestically produced goods, including stores and provisions in August 2018 were €174.2 mn as compared to €88.3 mn in August 2017 whilst exports of foreign goods, including stores and provisions, in August 2018 were €89.9 mn as compared to €166.1 mn in August 2017. Total domestic exports of industrial products in August 2018 were €167.6 mn compared to €81.8 mn in August 2017. Total domestic exports of agricultural products in August 2018 were €5.0 mn compared to €4.3 mn in August 2017.

Trade deficit increase in September

Moreover, on the basis of preliminary estimates, trade deficit increased by € 130 million in September 2018 reaching €397.7 ml compared to €268 ml in the corresponding month in 2017.

On the basis of preliminary estimates for the foreign trade of Cyprus in September 2018, total imports were €661.7 mn as compared to €531.0 mn in September 2017. Imports from other EU Member States in September 2018 were €371.5 mn as compared to €372.9 mn in September 2017. Imports from Third Countries in September 2018 were €290.2 mn as compared to €158.1 mn in September 2017.

Total exports in September 2018 were €264 mn as compared to €263 mn in September 2017. Exports to other EU Member States in September 2018 were €76.9 mn as compared to €71.0 mn in September 2017. Exports to Third Countries in September 2018 were €187.1 mn as compared to €192 mn in September 2017.

Total imports in September 2018 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €74.6 mn. as compared to €40.1 mn in September 2017. Total exports in September 2018 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €30.5 mn. as compared to €58.5 mn in September 2017.

(Cyprus News Agency)

Top Stories

Cyprus eighth from bottom in EU as far as women holding a parliamentary seat goes

Cyprus ranked eighth from the bottom in the EU with just 22% of women holding a seat in parliament in 2020, according to data...

Safeguarding public health top priority, says Cyprus President

One year after the outbreak of the coronavirus pandemic and Cyprus President Nicos Anastasiades on Sunday sent the message that top priority for his...

Police issue 214 fines in 24 hours for breach of covid measures

Police in Cyprus booked 213 citizens and a coffee-shop owner over the past 24 hours for breach of measures aiming to curb the spread...

Headmaster Lambon: The English School still a leader in education (PHOTOS)

The English School has always been an innovator with a reputation as a leader in education but the coronavirus pandemic has proved it is...

Cypriots fed up with rising corruption, insufficient measures to combat it-poll

Cypriots are fed up with rising corruption on the island and consider as insufficient measures announced by the government aiming to combat the bleak...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...