Cyprus H1 trade deficit narrows as exports down 23% in May, up 18% in June

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Cyprus H1 trade deficit narrows as exports down...
 © FinancialMirror 2020

Cyprus exports were down 23% in May, compared to the same month last year, while provisional figures for June showed a minor correction, with exports dropping about 18% year-on-year, according to the latest figures from the statistical service Cystat.

With the Covid-19 pandemic-imposed lockdown affecting all sectors of the economy in the first quarter of the year, the situation improved towards the end of the second quarter, allowing for the trade deficit for the first six months of the year to narrow by about €300 mln to €2.11 bln.

For May,...


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This article was automatically added to our system 13-8-2020

Cyprus H1 trade deficit narrows as exports down 23% in May, up 18% in June


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