Eurostat: Cyprus negative trade balance at -€3.8 billion

Eurostat: Cyprus negative trade balance at -€3.8 billion


 

Cyprus total exports, amounted €1.5 billion in November 2016, recording a 0% increase compared to the January – November 2015 period,  according to Eurostat`s first estimate.  A €0.7 billion or  -10% decrease is registered for intra UE trade and, €0.8 billion or 11% increase is registered for extra EU trade.

Meanwhile total imports amounted €5.3 billion or a 15% increase since the previous year,  €4.0 billion intra EU or 17% increase and 1.3 billion outside the EU, or a 9% increase.

These numbers add up to a negative trade balance of -€3.8 billion total,  -€3.2 intra EU and  -€0.5 on extra EU trade .

According to the same first estimates, the euro area recorded a €25.9 bn surplus in trade in goods with the rest of the world in November 2016, compared with +€22.9 bn in November 2015.

Meanwhile the EU28 recorded a €6.9 bn surplus in trade in goods with the rest of the world in November 2016, compared with +€5.7 bn in November 2015.


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