Trade deficit recorded a significant annual drop of 21.5% in the first two months of this year compared with the first to months of 2018, data released by the Cyprus Statistical Service show.

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In particular, according to the data total imports in January - February 2019 amounted to €1,370.4 mn compared to €1,233.9 mn in January - February 2018.

Total exports, which include total exports to third countries and to EU member states, in January - February 2019 were €712.4 mn compared to €395.9 mn in January - February 2018.

The trade deficit was €658 mn in January - February 2019 compared to €838 mn in the corresponding month of 2018.

Total exports of domestically produced goods, excluding stores and provisions, in January - February 2019 were €161.0 mn compared to €204.4 mn in January - February 2018.

At the same time, total domestic exports of industrial products in January - February 2019 were €141.8 mn compared to €183.6 mn in January - February 2018.

Total domestic exports of agricultural products in January - February 2019 fell to €16.4 mn compared to €18.4 mn in January - February 2018.

CNA