Eurostat: Cyprus recorded a €4.6 bn trade deficit in the period January to November 2019

The first estimate for euro area (EA19) exports of goods to the rest of the world in November 2019 was €197.7 billion, marking a decrease of 2.9% compared with November 2018 (€203.7 bn), according to data released today by Eurostat, the statisctical service of the EU. Imports from the rest of the world stood at €177.0 bn, a fall of 4.6% compared with November 2018 (€185.5 bn). As a result, the euro area recorded a €20.7 bn surplus in trade in goods with the rest of the world in November 2019, compared with +€18.2 bn in November 2018. Intra-euro area trade fell to €166.0 bn in November 2019, down by 3.8% compared with November 2018.

In Cyprus the total value of exports reached €2.8 bn in the period January to November 2019, a 31% decrease compared to the same period of 2018. Out of that, €1.3 bn were exports to the EU, a 12% increase and  €1.5 bn to the rest of the world or

(CNA)

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from Cyprus News Agency
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