Cyprus trade deficit rises to €4.68 billion in six months

In June 2026, imports of goods to Cyprus increased by 11.9% compared with June last year, reaching €1.29 billion. At the same time, exports fell by 9.9% to €463 million.

According to preliminary data from the Statistical Service of Cyprus (CYSTAT), imports from other EU countries amounted to €730.7 million, while imports from non-EU countries totalled €558.6 million. The June figures also included transactions involving the transfer of economic ownership of vessels worth €117.8 million.

Exports to EU countries amounted to €212 million, while exports to countries outside the EU totalled €251 million. This figure included transactions involving the transfer of economic ownership of vessels and aircraft worth €77.3 million.

In January–June 2026, total imports reached €7.3 billion, an increase of 8.8% compared with the same period last year. Exports during the first six months of the year, by contrast, fell by 1.2% to €2.62 billion. As a result, Cyprus’ trade deficit in the first half of the year increased from €4.06 billion in 2025 to €4.68 billion in 2026.

Final data for May show that imports in that month rose by 22.4% year on year to €1.31 billion.

Among the main categories of Cypriot exports in January–May, excluding supplies for ships and aircraft, mineral fuels and oils led the way (€743.6 million), followed by halloumi cheese (€167.5 million) and pharmaceutical products (€144.2 million).