Cyprus exports towards other EU member states and third countries increased by 32% during the first two months of 2011, compared to the same period last year, according to data released today by the Statistical Service.

Imports to Cyprus also marked an increase of almost 5% during the same period.

According to an official announcement, total imports in January-February 2011 amounted to 978,6 mln euros, as compared to 929,3 mln in January-February 2010. It is added that total exports in the given period were 207,5 mln euros, compared to 156,7 mln in the same period of 2010. Moreover, the trade deficit was 771,1 mln in January-February 2011 compared to 772,6 mln in the corresponding period of 2010.

During February 2011, total imports valued at 512,2 mln euros while exports, including stores and provisions, amounted to 110,7 mln. Εxports of domestically produced goods, including stores and provisions, were 54,4 mln euros, whilst exports of foreign goods, including stores and provisions, were 56,3mln.

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