Insider Economy Trade deficit down annually by 21.5% in first two months of 2019

Trade deficit down annually by 21.5% in first two months of 2019

Trade deficit recorded a significant annual drop of 21.5% in the first two months of this year compared with the first to months of 2018, data released by the Cyprus Statistical Service show.

In particular, according to the data total imports in January – February 2019 amounted to €1,370.4 mn compared to €1,233.9 mn in January – February 2018.

Total exports, which include total exports to third countries and to EU member states, in January – February 2019 were €712.4 mn compared to €395.9 mn in January – February 2018.

The trade deficit was €658 mn in January – February 2019 compared to €838 mn in the corresponding month of 2018.

Total exports of domestically produced goods, excluding stores and provisions, in January – February 2019 were €161.0 mn compared to €204.4 mn in January – February 2018.

At the same time, total domestic exports of industrial products in January – February 2019 were €141.8 mn compared to €183.6 mn in January – February 2018.

Total domestic exports of agricultural products in January – February 2019 fell to €16.4 mn compared to €18.4 mn in January – February 2018.

(Cyprus News Agency)

Top Stories

Bottled water withdrawn from Cyprus market

The Health Ministry is informing consumers that within the framework of the officials tests conducted in the market, the Ministry’s health services have tested...

President: Attack against Macron insults European values

In a written statement, President Anastasiades said that this attack, against the French President from the leader of a country which is candidate for...

Finance Minister: No lockdown forseen in 2021 state budget

Minister of Finance Constantinos Petrides called on MPs to approve the 2021 state budget given the critical moments facing Cyprus due to the coronavirus...

Mitsotakis-Anastasiades have working lunch

Prime Minister Kyriakos Mitsotakis on Monday had a working lunch with Cyprus President Nicos Anastasiades. According to government sources, during the lunch they discussed Turkey's...

Dendias-Lavrov: Greece has right to extend its territorial waters to 12 n.m.

Greek Foreign Minister Nikos Dendias and visiting Russian Foreign Minister Sergey Lavrov on Monday agreed it was Greece's ιnalienable right to extend its territorial...

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...