{"id":108144,"date":"2024-12-11T10:29:19","date_gmt":"2024-12-11T08:29:19","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=108144"},"modified":"2024-12-11T10:29:19","modified_gmt":"2024-12-11T08:29:19","slug":"trade-deficit-shrinks-by-e1-18-billion-in-first-ten-months-of-2024","status":"publish","type":"post","link":"https:\/\/www.lamaisonestates.com\/ru\/trade-deficit-shrinks-by-e1-18-billion-in-first-ten-months-of-2024\/","title":{"rendered":"Trade Deficit Shrinks by \u20ac1.18 Billion in First Ten Months of 2024"},"content":{"rendered":"

Cyprus\u2019 trade deficit experienced a notable reduction in the first ten months of 2024, dropping by \u20ac1.18 billion compared to the same period in 2023. This decline was driven primarily by a significant 12.3% reduction in imports, despite a smaller decrease in exports.<\/p>\n

Key Figures for January\u2013October 2024<\/strong>
\nData released by the Statistical Service highlights that the trade deficit for January\u2013October 2024 stood at \u20ac6,374.4 million, a significant improvement from \u20ac7,555.9 million during the same timeframe in 2023.<\/p>\n

\t<\/p>\n

  • Imports: <\/li>\n

    <\/strong>
    \nTotal goods imported reached \u20ac9,758.1 million, a 12.3% decline from the \u20ac11,127 million recorded in January\u2013October 2023.<\/p>\n

  • Exports:<\/strong> <\/li>\n

    Goods exported totaled \u20ac3,383.7 million, marking a 5.3% decrease compared to \u20ac3,571.2 million in the previous year.
    \n
    \nPerformance in October 2024<\/strong>
    \nProvisional data for October 2024 reveals contrasting trends:<\/p>\n

    Imports rose by 14.5%, amounting to \u20ac1,209.9 million, up from \u20ac1,057 million in October 2023.<\/strong><\/p>\n

  • Imports from EU member states slightly decreased to \u20ac615.7 million from \u20ac640.2 million in October 2023.<\/li>\n
  • Imports from third countries, however, saw a notable increase, reaching \u20ac594.1 million, up from \u20ac416.7 million the previous year.<\/li>\n
  • Notably, the transfer of economic ownership of vessels contributed \u20ac63.3 million to October 2024\u2019s imports, compared to \u20ac21.6 million in October 2023.<\/li>\n

    Exports surged by 57%, climbing to \u20ac442.3 million from \u20ac281.8 million in October 2023.<\/strong><\/p>\n

  • Exports to EU member states were \u20ac90.7 million, slightly below the \u20ac93.8 million recorded in October 2023.<\/li>\n
  • Exports to third countries experienced a remarkable boost, reaching \u20ac351.6 million, up from \u20ac187.9 million.<\/li>\n
  • Transfers of vessel ownership accounted for \u20ac53 million in exports, a substantial rise from \u20ac4.8 million in October 2023.<\/li>\n

    \nSeptember 2024 Recap<\/strong>
    \nFinalized data for September 2024 highlighted a different pattern, with imports declining but some export categories showing growth:<\/p>\n

  • Imports dropped by 13.6%, totaling \u20ac951.9 million, compared to \u20ac1,101.4 million in September 2023.\n<\/li>\n
  • Domestic exports, including stores and provisions, fell sharply by 42%, amounting to \u20ac205.9 million compared to \u20ac355.3 million in the prior year.\n<\/li>\n
  • Industrial Products: Exports reached \u20ac198 million, down from \u20ac349.2 million in September 2023.\n<\/li>\n
  • Agricultural Products: Exports rose to \u20ac6.8 million, an increase from \u20ac4.8 million the previous year.\n<\/li>\n
  • Exports of foreign products surged by 62.3%, reaching \u20ac144.3 million, up from \u20ac88.9 million in September 2023.<\/li>\n

    \nThis combination of reduced imports and fluctuating export figures underscores the complexity of Cyprus’ trade landscape. The significant decrease in the trade deficit suggests progress in managing external trade dynamics despite ongoing challenges.<\/p>\n

    Source: Stockwatch Cyprus<\/em><\/p>","protected":false},"excerpt":{"rendered":"

    Cyprus\u2019 trade deficit experienced a notable reduction in the first ten months of 2024, dropping by \u20ac1.18 billion compared to the same period in 2023. This decline was driven primarily by a significant 12.3% reduction in imports, despite a smaller decrease in exports. Key Figures for January\u2013October 2024 Data released by the Statistical Service highlights […]<\/p>","protected":false},"author":9,"featured_media":108145,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/108144"}],"collection":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=108144"}],"version-history":[{"count":4,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/108144\/revisions"}],"predecessor-version":[{"id":108149,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/108144\/revisions\/108149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/108145"}],"wp:attachment":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=108144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=108144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=108144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}