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

What U.S. police are shooting at protesters

  Police across the United States are using a variety of weapons on protesters during demonstrations against the death of an unarmed black man in...

Cyprus, Greece working together to promote tourism, says Perdios

  Cyprus Deputy Minister of Tourism, Savvas Perdios, underlined that Cyprus and Greece send the message that they have successfully  contained the COVID-19 pandemic, to...

Ministry issues guidelines for operation of gyms

    As part of efforts to prevent the spread of coronavirus, the Health Ministry has unveiled guidelines for the operation of gyms ahead of their...

One death, no new coronavirus cases

    A 68 year old man with coronavirus had died, the Health Ministry said on Saturday as it also announced no new positive cases for...

Washington Mayor Bowser, ‘unbought and unbossed,’ challenges Trump

  Washington Mayor Muriel Bowser has drawn a battle line right up to the White House. Bowser, one of seven black female mayors of America's 100...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...