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Cyprus Imports and exports up

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Both imports and exports rose markedly during the first two months of this year, compared with the same period in 2016, according preliminary data from the Statistical Service.

This is in spite of the turmoil at the port of Limassol, after commercial operations there were privatised earlier this year, leading to delays with the loading and unloading of shipping containers.

According to CyStat, imports in February 2017 were 18.1 per cent up on the same month of 2016, amounting to €423.5 million. Over the January-February period, imports were 36.1 per cent up on the same period in 2016.

Exports during the first two months of this year came to €316 million, compared with €227 million for the same period in 2016.