Cyprus’ trade deficit widened to EUR 680.5 million in August 2026 from EUR 597.3 million in the same month of the previous year, according to preliminary estimates. Imports rose by 14.9% year-on-year to EUR 1,324.1 million, driven by higher purchases from non-EU countries, which surged (44.8% at 754.9 million), while imports from other EU member states declined (-9.7% at EUR 569.2 million). Imports included the transfer of economic ownership of vessels valued at EUR 1.1 million, down from EUR 55.0 million a year earlier. Meanwhile, exports increased by 17.9% to EUR 643.5 million, supported by higher shipments to both EU member states, which rose (40.5% to EUR 106.8 million), and non-EU countries, which climbed to 14.2% of EUR 536.7 million. Vessel and aircraft transfers amounted to EUR 20.8 million, down from EUR 54.3 million a year earlier. For the January–August period, the trade deficit widened to EUR 6,303.3 million from EUR 5,483.5 million in the same period of 2025. source: Statistical Service of the Republic of Cyprus

Cyprus recorded a trade deficit of 680549 EUR Thousand in August of 2026. Balance of Trade in Cyprus averaged -256615.77 EUR Thousand from 1975 until 2026, reaching an all time high of 164864.00 EUR Thousand in April of 2024 and a record low of -1436299.00 EUR Thousand in January of 2023. This page provides - Cyprus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Cyprus recorded a trade deficit of 680549 EUR Thousand in August of 2026. Balance of Trade in Cyprus is expected to be -871000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Balance of Trade is projected to trend around -953000.00 EUR Thousand in 2027 and -1023000.00 EUR Thousand in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-09 09:00 AM
Balance of Trade
Jul €-942.6M €-848.7M €-880.0M
2026-10-12 09:00 AM
Balance of Trade
Aug €-680.5M €-943.6M €-1080.0M
2026-11-09 10:00 AM
Balance of Trade
Sep €-680.5M € -784M



Components Last Previous Unit Reference
Exports 643507.00 669457.00 EUR Thousand Aug 2026
Imports 1324056.00 1613100.00 EUR Thousand Aug 2026

Related Last Previous Unit Reference
Balance of Trade -680549.00 -943643.00 EUR Thousand Aug 2026
Tourism Revenues 536500.00 423100.00 EUR Thousand Jul 2026
Tourist Arrivals 580889.00 581880.00 Sep 2026


Cyprus Balance of Trade
Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports.
Actual Previous Highest Lowest Dates Unit Frequency
-680549.00 -943643.00 164864.00 -1436299.00 1975 - 2026 EUR Thousand Monthly

News Stream
Cyprus Trade Deficit Widens in August
Cyprus’ trade deficit widened to EUR 680.5 million in August 2026 from EUR 597.3 million in the same month of the previous year, according to preliminary estimates. Imports rose by 14.9% year-on-year to EUR 1,324.1 million, driven by higher purchases from non-EU countries, which surged (44.8% at 754.9 million), while imports from other EU member states declined (-9.7% at EUR 569.2 million). Imports included the transfer of economic ownership of vessels valued at EUR 1.1 million, down from EUR 55.0 million a year earlier. Meanwhile, exports increased by 17.9% to EUR 643.5 million, supported by higher shipments to both EU member states, which rose (40.5% to EUR 106.8 million), and non-EU countries, which climbed to 14.2% of EUR 536.7 million. Vessel and aircraft transfers amounted to EUR 20.8 million, down from EUR 54.3 million a year earlier. For the January–August period, the trade deficit widened to EUR 6,303.3 million from EUR 5,483.5 million in the same period of 2025.
2026-10-12
Cyprus Trade Deficit Widens to 3-Month High
Cyprus’ trade deficit widened sharply to EUR 942.6 million in July 2026 from EUR 743.8 million in the same month of the previous year, according to preliminary estimates. This marked the largest deficit since April, as imports jumped 22.8% year-on-year to EUR 1,609.4 million, lifted by higher purchases from both EU countries (5.6% at EUR 787.6 million) and non-EU countries (45.4% at EUR 821.6 million). Imports included the transfer of economic ownership of vessels valued at EUR 136.1 million, up from EUR 23.4 million a year earlier. Meanwhile, exports grew by 17.6% to EUR 666.8 million, driven largely by increased shipments in non-EU countries (36.9% at EUR 539.0 million), while exports to EU countries fell by 26.3% to EUR 127.8 million. Vessel and aircraft transfers were valued at EUR 35.3 million, down from EUR 68.5 million. For the January–July period, the trade shortfall expanded to EUR 5,620.1 million from EUR 4,798.9 million in the same period last year.
2026-09-09
Cyprus Trade Deficit Widens in June
Cyprus’ trade deficit widened to EUR 826.3 million in June 2026 from EUR 638.1 million in the same month a year earlier, preliminary estimates showed. Imports rose 11.9% year-on-year to EUR 1,289.3 million, driven by higher purchases from both EU countries (18.8% to EUR 730.7 million) and non-EU countries (4.0% to EUR 558.6 million). Imports included the transfer of economic ownership of vessels valued at EUR 117.8 million, up from EUR 55.8 million in June last year. Meanwhile, exports fell 9.9% to EUR 463.0 million, weighed down by a decline in shipments to non-EU countries (-31.3% to EUR 251.0 million), while exports to third countries grew 42.3% to EUR 212.0 million. Vessel and aircraft transfers were valued at EUR 77.3 million, up from EUR 68.5 million. For the January-June period, the trade shortfall widened to EUR 4,679.1 million from EUR 4,055.1 million in the same period last year.
2026-08-10