Cyprus Trade Deficit Widens in June

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.

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.

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.