Trade deficit shrinks 12% in January to April, Cystat says

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By Stelios Orphanides

Cyprus’s trade deficit shrank 12 per cent in the first four months of 2015 compared to a year before to €918.7m mainly on increased exports, the statistical service said.

Overall exports in January to April rose 37 per cent to €673.8m, Cystat said in a statement on its website. Overall imports rose 3.8 per cent to €1.6bn.

Exports to European Union members and third countries rose in the first four months of 2015 48 per cent to €391m and 25 per cent to €282.8m respectively compared to the year before, Cystat said. Imports from the rest of the EU rose 5.9 per cent to below €1.2bn while those from third countries fell 1.7 per cent to €429.1m.

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About Author

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

  • Arnt Otto Østlie

    Good news. Reduced deficit while also increasing import point to an improving economy.

    • Stuart Muir

      I agree Arnt, where have all the negative naysayers who regularly run down this island on these threads gone, oh! that’s right they don’t like to here good news. I wonder why!!

      • george

        I have wondered as well. Even this article I believe should have at least garnered a few negative responses. Either its an off day or there is other stuff going down of more interest to the doom and gloom crowd.

      • All is good…

        Has it been seasonally adjusted to make it look better ?

  • what do we export?