Cyprus trade deficit widens to 6.86 billion euros in nine months of 2026

Cyprus' trade deficit reached 6.86 billion euros during the first nine months of 2026, marking a 10.15% increase compared to the same period in 2025. According to provisional data released by the Statistical Service of Cyprus (Cystat), the deficit grew by 632.8 million euros, as the total value of imports rose to 11.76 billion euros, a 12.1% increase from 10.49 billion euros in 2025.

While exports also saw significant growth, increasing by 14.8% to 4.89 billion euros, the absolute value of imports continued to outpace export growth, resulting in the wider trade gap. A notable exception occurred in September 2026, when exports surged by 89.1% to 939.3 million euros, compared to 496.6 million euros in September 2025. This monthly spike was largely driven by a sharp increase in exports to third countries, which reached 723.3 million euros, as well as an rise in exports to EU member states to 216 million euros. The September figures were also influenced by the transfer of economic ownership of vessels valued at 157.3 million euros.