Cyprus’ trade deficit down by 17.8% in January – September 2024

08:02 - 12 November 2024

Economy Reporter

Cyprus trade deficit declined by an annual 17.4% or €1.18 billion, in the period from January to September, according to provisional data published by CySTAT.

The trade deficit was €5,598.4m in January–September 2024 compared to €6,780.7m in the corresponding period of 2023, CySTAT said.

Total imports of goods in January–September 2024 amounted to €8,539.7m as compared to €10,070.1m in January–September 2023, recording a decrease of 15.2%.

Total exports of goods in January-September 2024 were €2,941.3m compared to €3,289.4m in January-September 2023, registering a decrease of 10.6%.

In September, imports of goods stood at €944.2m as compared to €1,101.4m in September 2023, recording a decrease of 14.3%.

Imports from other EU Member States were €592.9m and from third countries €351.3m, compared to €638.5m and €462.9m respectively in September 2023.

The September included the transfer of economic ownership of vessels, with total value of €28.9m as compared to €7.9m in September 2023.

Total exports of goods in September 2024 were €350.2m as compared to €444.2m in September 2023, recording a decrease of 21.2%.

Exports to other EU Member States were €109.6m and to third countries €240.6m, compared to €86.2m and €358m respectively in September 2023, CySTAT added.

(Source: CNA)

Cyprus’ trade deficit down by 17.8% in January – September 2024

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