Cyprus records trade deficit growth in the first eight months of 2026

According to preliminary data released by the Statistical Service of Cyprus, the country's trade deficit reached €6.3 billion during the period from January to August 2026, compared to €5.48 billion in the same period of 2025. This increase is driven by an 11% rise in total imports, which grew to €10.26 billion from €9.25 billion in the previous year, while exports experienced a more modest growth of 5%, rising to €3.95 billion from €3.76 billion.

For the month of August 2026 specifically, imports rose by 14.9% to reach €1.32 billion, while exports saw a significant increase of 17.9%, totaling €643.5 million. Most exports in August were directed to third countries, amounting to €536.7 million, with €106.8 million sent to European Union member states. The August figures also include the transfer of economic ownership of ships and aircraft valued at €20.8 million, a decrease compared to the €54.3 million recorded in August 2025.