The trade deficit was €1.871,4mn in January-May 2016 compared to €1.223,0mn in the corresponding period of 2015, the Statistical Service announced on Tuesday, in its new monthly electronic publication “Intra-Extra E.U Trade Statistics (Summarised Data)” for May 2016.
It said that total imports/arrivals (covering total imports from third countries and arrivals from other Member States) in January-May 2016 amounted to €2.531,2mn as compared to €2.082,7mn in January-May 2015.
Total exports/dispatches (covering total exports to third countries and dispatches to other Member States) in January-May 2016 were €659,8mn compared to €859,8mn in January-May 2015.
In May total imports/arrivals (covering total imports from third countries and arrivals from other Member States) valued at €1.018,8mn. Total imports/arrivals for May 2016 include the transfer of economic ownership of mobile transport equipment (vessels), with total value of €563,4 mn.
Total exports/dispatches (covering total exports to third countries and dispatches to other Member States), including stores and provisions, in May 2016 amounted to €136,1mn. Εxports/dispatches of domestically produced goods, including stores and provisions, were €78,9mn whilst exports/dispatches of foreign goods, including stores and provisions, were €57,2mn.
On the basis of preliminary estimates for foreign trade of Cyprus in June, total imports/arrivals were €446,4 mn, of which €328,8 mn were arrivals from other member states of EU and €117,6 mn imports from third countries.
Total exports/dispatches were €128,2 mn of which €64,3 mn were dispatches to other member states of EU and €63,9 mn exports to third countries.
