Cyprus recorded a trade deficit of €871.2 million in February of 2026, widening form the €560.2 million gap in the corresponding period of the previous year amid a plunge in exports. Exports sank to €244.3 million from €496.2 million, marking the lowest in five years amid a plunge in exports to countries outside the EU. In turn, imports rose to €1.115 billion form €1.056 billion. source: Statistical Service of the Republic of Cyprus

Cyprus recorded a trade deficit of 871152 EUR Thousand in February of 2026. Balance of Trade in Cyprus averaged -251053.95 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 April of 2026.

Cyprus recorded a trade deficit of 871152 EUR Thousand in February of 2026. Balance of Trade in Cyprus is expected to be -484000.00 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 -1078000.00 EUR Thousand in 2027 and -1151000.00 EUR Thousand in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-12 11:30 AM
Balance of Trade
Jan €-476.6M €-750.9M €-810.0M
2026-04-09 09:00 AM
Balance of Trade
Feb €-871.2M €-470.6M €-478.0M
2026-05-11 09:00 AM
Balance of Trade
Mar €-871.2M € -666M

Components Last Previous Unit Reference
Exports 244276.00 521934.00 EUR Thousand Feb 2026
Imports 1115428.00 992580.00 EUR Thousand Feb 2026

Related Last Previous Unit Reference
Balance of Trade -871152.00 -476579.00 EUR Thousand Feb 2026
Tourism Revenues 74600.00 96700.00 EUR Thousand Jan 2026
Tourist Arrivals 146516.00 121625.00 Feb 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
-871152.00 -476579.00 164864.00 -1436299.00 1975 - 2026 EUR Thousand Monthly

News Stream
Cyprus Trade Deficit Widens
Cyprus recorded a trade deficit of €871.2 million in February of 2026, widening form the €560.2 million gap in the corresponding period of the previous year amid a plunge in exports. Exports sank to €244.3 million from €496.2 million, marking the lowest in five years amid a plunge in exports to countries outside the EU. In turn, imports rose to €1.115 billion form €1.056 billion.
2026-04-09
Cyprus Trade Deficit Shrinks to Lowest Level in Nearly Two Years
Cyprus’s trade deficit narrowed sharply to €476.6 million in January 2026, down from €707.5 million a year earlier, according to preliminary estimates. This marks the smallest trade gap since a surplus was recorded in April 2024. Imports fell 13.6%, driven by lower purchases from both the EU (-4.9%) and third countries (-22.6%). Meanwhile, exports rose 16.6%, with EU-bound sales up 15.2% and shipments to third countries increasing 17%.
2026-03-12
Cyprus Trade Deficit Narrows in December
Cyprus’ trade deficit narrowed to EUR 713.9 million in December 2025 from EUR 1,010.1 million a year earlier. Total exports jumped 30.5% year-on-year to EUR 490.5 million, driven by higher shipments to EU countries, which surged 88.4% to EUR 182.7 million, and non-EU markets, up 10.3% to EUR 307.8 million. Exports included the transfer of economic ownership of vessels, valued at EUR 130.1 million, compared with EUR 51.4 million in December 2024. Meanwhile, total imports fell 13.1% to EUR 1,204.4 million, as non-EU imports declined sharply by 39.2% to EUR 415.1 million, while EU purchases rose 12.2% to EUR 789.3 million. Vessel transfers were valued at EUR 218.3 million, down from EUR 337.4 million a year earlier. For 2025, total imports rose 7.7% to EUR 13,551.8 million, exports gained 7.0% to EUR 5,550.4 million, widening the annual trade deficit to EUR 8,001.4 million from EUR 7,395.3 million in 2024.
2026-02-09