Cyprus trade deficit declines by an annual 12.5% in January – July 2020

Cyprus’ Trade Deficit declined by 12.5% for the period of January to July 2020 continuing its downward trend affected by the disruption caused by the coronavirus crisis.
According to preliminary data published by the Cyprus Statistical Service (Cystat), the trade deficit for January – July 2020 amounted to €2,529.4 mn in January – July 2020 compared to €2,891.3 mn in the corresponding period of 2019.
Total imports for January – July 2020 (from EU Member States and from third countries) amounted to €4,283.2 mn as compared to €4,853 mn in January – July 2019, recording a decrease of 11.7%.
Total exports of goods (to EU Member States and to third countries) in January – July 2020 were €1,753.8 mn compared to €1,961.7 mn in January – July 2019, registering a decrease of 10.6%.
In July, total imports of goods were €618,4 mn as co


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