Trade deficit in January to September seen at €3.2bn

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By Stelios Orphanides

The trade deficit in the first nine months of the year widened by €162.4m to €3.2bn compared with a year before, mainly on increased imports, the statistical service said.

Total imports rose in January to September an annual 6.9 per cent to €5.4bn, Cystat said in a statement on its website on Thursday. Total exports rose 9 per cent to below €2.3bn.

Imports from other European Union countries fell an annual 4 per cent to €3.4bn in the first three quarters of 2017, while exports fell 21 per cent to €830m, Cystat said. Imports from third countries rose 32 per cent to €2bn while exports to them rose 40 per cent to €1.4bn.

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About Author

Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]

  • AnalogMind

    Stop buying German goods, especially pharmaceuticals and cars. Period. Don’t allow EU trade dysfuctions to send your economy into a spin again.

  • Alex

    Must do better…..