Insider Economy Trade deficit in Cyprus increases in first 11 months of 2019

Trade deficit in Cyprus increases in first 11 months of 2019

The trade deficit in Cyprus recorded an increase of 453 million euro in the first 11 months of 2019, compared to the same period in 2018.

The trade deficit was €4,652.3 million in January-November 2019 compared to €4,199.1 million in the corresponding period of 2018.

According to data released by the Statistical Service of Cyprus, total imports (covering total imports from third countries and from EU Member States) in January-November 2019 amounted to €7,528.6 m as compared to €8,341.5 mn in January-November 2018.

Total exports (covering total exports to third countries and to EU Member States) in January-November 2019 were €2,876.3 m compared to €4,142.4 m in January-November 2018.

Total imports in January-November 2019 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €960 m as compared to €1,541.8 m in January-November 2018.

Total exports in January-November 2019 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €893.7 m as compared to €1,439.4 m in January-November 2018.

In addition, during November 2019 total imports (covering total imports from third countries and from EU Member States) valued at €659.8 m compared to €974.3 m in November 2018.

Total exports (covering total exports to third countries and to EU Member States), including stores and provisions, in November 2019 amounted to €233.7 m compared to €209.4 m in November 2018.

Exports of domestically produced goods, including stores and provisions in November 2019 were €97.9 m compared to €85.1 m in November 2018 whilst exports of foreign goods, including stores and provisions, in November 2019 were €135.8 m compared to €124.3 m in November 2018.

Total domestic exports of industrial products in November 2019 were €89.3 m compared to €76.4 m in November 2018. Total domestic exports of agricultural products in November 2019 were €6.5 m compared to €5.9 m in November 2018.

 

Read more: 

https://in-cyprus.com/cyprus-trade-deficit-increases-between-january-august-2019/

 

Top Stories

T/C members of the Technical Committee on Culture resign

All Turkish Cypriot members of the Technical Committee on Culture submitted their resignation saying that the outcome of the “presidential elections” does not comply...

More than 900 signatures against Asphalt factory in Tseri

Online signing of petition for the suspension of work of a non-authorized industrial unit of asphalt located at the municipal boundaries of Tseri. The...

Private hospital postpones regular operations

Private Hospital Evangelismos in Paphos announced that due to increased demand, the number of cases provided by the framework of cooperation with the Health...

Expert expects reduction of COVID-19 cases due to measures

Even if there is a drop in the number of COVID-19 cases, this will not mean that the danger has been overcome and that...

Limassol Bishop: Holy Synod must be convened

The Bishop of Limassol Athanasios told the CNA that he is displeased with the decision of Archbishop Chrysostomos B’ to recognize the autocephaly of...

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...