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.