Trade gap narrows as imports and exports decline – NSO

Preliminary figures published by the National Office of Statistics, NSO, show that the visible trade gap narrowed by €100.0 million in June when compared to the corresponding month last year. There were decreases in imports and exports of €196.8 million and €96.8 million respectively. The decrease in the value of imports was primarily due to mineral fuels, lubricants and related materials. Other decreases were registered in all the other major commodity groups, except for animal and vegetable oils and fats, and miscellaneous transactions and commodities. Mineral fuels, lubricants and related materials accounted for the main decrease in exports, with other decreases recorded for miscellaneous manufactured articles, semi-manufactured goods, beverages and tobacco, and miscellaneous transactions and commodities.