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Cyprus’ exports of goods up by 47% during Jan 2017

Cyprus’ exports of goods up by 47% during Jan 2017

WASHINGTON: The first estimate for Cyprus’ exports of goods to the rest of the world in January 2017 was €0.2 billion, an increase of 47% since January 2016, according to Εurostat data on Friday. The intra EU trade stood at €0.1 billion or a decrease of -3%, while extra EU trade also stood at €0.1 billion or an increase of 96%.Imports totalled a €0.5 billion increase by 45%, of which €0.3 billion or increase of 20% was from the EU and a €0.2 billion or 122% increase from the rest of the world.

That constitutes a total negative trade balance of €-0.3 billion, €-0.2 with the EU and €-0.1 with the rest of the world.For the euro area (EA19) exports of goods to the rest of the world in January 2017 was €163.9 billion, an increase of 13% compared with January 2016 (€144.9 billion), recording a €0.6 billion deficit in trade in goods with the rest of the world in January 2017, compared with a surplus of €4.8 billion in January 2016.The first estimate for extra-EU28 exports of goods in January 2017 was €141.2 billion, up by 16% compared with January 2016 (€121.4 billion). Imports from the rest of the world stood at €157.4 billion, up by 18% compared with January 2016 (€133.5 billion). As a result, the EU28 recorded a €16.2 billion deficit in trade in goods with the rest of the world in January 2017, compared with -€12.1 billion in January 2016. Intra-EU28 trade rose to €262.4 billion in January 2017, +10% compared with January 2016.