Cyprus trade deficit widens to €5.62bn in first seven months of 2026
Cyprus’ trade deficit increased by €821.2 million between January and July as imports rose faster than exports, Cystat data showed.
Nicosia, Cyprus. Cyprus’ trade deficit widened to €5.62 billion in the first seven months of 2026, as imports increased by 11.4 per cent and outpaced export growth, according to provisional data released by the Cyprus Statistical Service on Wednesday.
The deficit was €821.20 million higher than in the corresponding period of 2025, when it stood at €4.80 billion.
January to July trade figures
Total goods imports reached €8.93 billion between January and July, compared with €8.02 billion during the same period in 2025.
Exports rose by 2.8 per cent to €3.31 billion, from €3.22 billion a year earlier. The wider trade gap was primarily driven by the stronger increase in imports, although exports also recorded growth over the seven-month period.
July imports and exports
Goods imports in July reached €1.61 billion, up 22.8 per cent from €1.31 billion in July 2025.
Imports from other EU member states amounted to €787.80 million, compared with €745.70 million a year earlier. Imports from third countries reached €821.60 million, up from €565.20 million in July 2025.
The July import figures included the transfer of economic ownership of vessels worth €136.10 million, compared with €23.40 million in the same month of 2025.
Exports in July increased by 17.6 per cent to €666.80 million, compared with €567.10 million a year earlier.
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