Trade gap widens

The trade gap widened by €72.8 million in September to reach €146.9 million for the month, with the value of imports growing by €85.2 million and of exports by €12.4 million, according to the latest official statistics. The increase in the value of...

The trade gap widened by €72.8 million in September to reach €146.9 million for the month, with the value of imports growing by €85.2 million and of exports by €12.4 million, according to the latest official statistics.

The increase in the value of imports was mainly due to capital goods, industrial supplies and fuels and lubricants. A drop was registered in consumer goods, the National Statistics Office has said.

Machinery and transport equipment accounted for the main increase in exports.

In the first nine months of the year, the visible trade gap narrowed by €145 million to €964.7 million as a result of an increase in the value of exports of €423.7 million, offsetting a €278 million rise in the value of imports.

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