Trade deficit widens 2.2% to €2.8bn, Cystat says

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Trade deficit widens 2.2% to €2.8bn, Cystat says
 © BusinessMail 2017
By Stelios Orphanides

Cyprus’s trade deficit widened 2.2 per cent, to over €2.8bn, in the first eight months of the year compared to the respective period of last year mainly on increased imports, the statistical service said.

Total imports rose 5.5 per cent in January to August, compared to the respective period of 2016, to over €4.8bn, Cystat said in a statement on its website. Total exports rose 10 per cent to over €2bn.

Imports from other European Union members dropped by 7 per cent in the first eight months of the year, to below €3.1bn, while exports plunged 31 per cent,...


Trade deficit widens 2.2% to €2.8bn, Cystat says


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