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(a) Total imports (covering imports for home consumption and imports placed into bonded warehouses) totalled £423,3 mn as compared with £465,8 mn in January-March 1998. Total exports fell to £112,8 mn in relation to £154,8 mn in January-March 1998. The trade deficit accounted for £310,4 mn compared to £311,0 mn in January-March 1998. (b) Imports for home consumption were £361,1 mn in January-March 1999 and £381,5 mn in January-March 1998. Intermediate inputs imported for home consumption valued at £137,0 mn or 38,0% followed by consumer goods with £104,0 mn or 28,8%, transport equipment with £48,3 mn or 13,4% and capital goods with £47,4 mn or 13,1%. (c) Domestic exports fell to £50,7 mn as compared with £57,1 mn in January-March 1998 whilst re-exports were reduced considerably to £62,1 mn compared to £97,6 mn in January-March 1998. Industrial products of domestic produce exported during the first quarter of 1999 accounted for £37,7 or 75,9% as compared with £41,6 mn or 74,6% during the corresponding period of 1998, with clothing accounting for £5,6 mn compared to £6,9 mn in January-March 1998, pharmaceutical products £5,1 mn as against £5,0 mn, cigarettes £3,3 mn compared to £3,1 mn and footwear £1,3 mn as against £2,6 mn. Exports of raw agricultural products in January-March 1999 valued at £11,6 mn and £14,0 mn for January-March 1998, with potatoes accounting for £1,9 mn compared to £4,2 mn and citrus fruit for £7,7 mn for both periods of January-March 1999 and 1998. (d) The EU countries supplied Cyprus with goods valued at £243,3 mn or 57,5% during the first quarter of 1999. During the same period last year the EU countries absorbed 54,6% or £27,1 mn of Cyprus domestic exports followed by the Arab countries with 24,4% or £12,1 mn. Additional data on Cyprus foreign trade are shown in the quarterly publication entitled "Imports-Exports Statistics" obtainable from the Government Printing Office while more detailed statistics on the same field are available from the Department of Statistics and Research. |
