Cyprus trade deficit widens to €4.68bn in first half of 2026
Cyprus’ trade deficit rose 15.4 per cent year on year in the first six months of 2026 as imports increased and exports declined.
Nicosia, Cyprus. Cyprus’ trade deficit widened to €4.68 billion in the first half of 2026, as imports continued to rise while exports declined, according to figures released on Monday by the Statistical Service (Cystat).
First-half trade figures
Total imports between January and June amounted to €7.30 billion, up 8.8 per cent from €6.71 billion in the corresponding period of 2025.
Exports fell by 1.2 per cent to €2.62 billion, compared with €2.65 billion a year earlier. The trade deficit increased by €624 million, or 15.4 per cent, from €4.06 billion in the first six months of 2025.
June developments
In June, imports rose by 11.9 per cent to €1.29 billion, while exports declined by 9.9 per cent to €463 million.
The monthly trade deficit reached approximately €826.3 million, nearly 30 per cent higher than the €638.1 million recorded in June 2025.
Imports from other European Union member states increased to €730.7 million from €615.1 million, while imports from third countries rose to €558.6 million from €537.1 million.
Exports to other EU countries increased to €212 million from €149 million. However, exports to third countries fell to €251 million from €365.1 million, offsetting the increase in shipments within the bloc.
Transport-related transactions
June imports included transfers of economic ownership of vessels valued at €117.8 million, more than double the €55.8 million recorded a year earlier.
Exports included ownership transfers involving vessels and aircraft valued at €77.3 million, compared with €68.5 million in June 2025.
Final May figures
Final figures for May showed imports rose by 22.4 per cent to €1.31 billion from €1.07 billion.
Total exports increased by 59.2 per cent to €521.6 million from €327.6 million, according to the monthly trade table.
Exports of domestically produced goods, including stores and provisions for ships and aircraft, rose by 63.9 per cent to €348.1 million from €212.4 million. Exports of foreign products increased by 50.5 per cent to €173.5 million from €115.3 million.
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