Nicosia, Cyprus. Cyprus recorded a trade deficit of €476.6 million in January 2026, down from €707.5 million in January 2025, according to a state statistical service report published on Thursday. Total imports fell while total exports rose over the same period.
Imports decline year on year
Total imports of goods decreased to €994.1 million in January 2026 from €1.15 billion in January 2025, a year-on-year drop of 13.6 per cent, the statistical service said.
Imports from other European Union member states amounted to €554.3 million, compared with €583.0 million in January 2025. Imports from third countries reached €439.8 million, down from €568.2 million in the same month of the previous year.
The January 2026 import figures included the transfer of economic ownership of vessels valued at €79.0 million, compared with €79.9 million recorded in January 2025.
Exports increase
Total exports of goods rose to €517.5 million in January 2026 from €443.7 million in January 2025, an increase of 16.6 per cent on a year-on-year basis.
Exports to other EU member states reached €97.2 million, compared with €84.4 million in January 2025. Exports to third countries amounted to €420.3 million, up from €359.3 million recorded during the same month in 2025.
How do changes in imports and exports affect the trade deficit in Cyprus?
