Cyprus trade deficit widens to 6.3 billion euros in first eight months of 2026

Cyprus recorded a trade deficit of €6.3 billion for the period between January and August 2026, marking a significant increase from the €5.48 billion reported during the same period in 2025. According to data released by the Statistical Service on Monday, this widening gap is attributed to imports growing at a faster pace than exports. Total imports rose by 10.9 percent to reach €10.26 billion, while exports saw a more modest growth of 5 percent, totaling €3.95 billion.

In August 2026 alone, the country experienced a 14.9 percent increase in total goods imports, amounting to €1.32 billion, while exports rose by 17.9 percent to €643.5 million. The monthly figures reveal a shift in trade partners, with imports from EU member states decreasing while imports from third countries saw a substantial rise. The export data for August included the transfer of economic ownership of ships and aircraft valued at €20.8 million, which was a notable decline compared to the figures recorded in August 2025.