Cyprus’ trade deficit widened to EUR 788.7 million in May 2026 from EUR 742.4 million in the same month a year earlier, according to preliminary estimates. Imports advanced 22.3% year-on-year to EUR 1,309.1 million, driven largely by higher purchases from both EU and non-EU countries, which rose 13.4% to EUR 705 million and 34.7% to EUR 604.1 million, respectively. Imports included the transfer of economic ownership of vessels valued at EUR 79.9 million, up from EUR 40.4 million in May last year. Meanwhile, total exports jumped 58.9% to EUR 520.4 million, lifted by an increase of shipments to both EU (+9.3% to EUR 127.3 million) and non-EU countries (+86.2% to EUR 393.1 million). Vessel transfers were valued at EUR 34.8 million from EUR 7.5 million in the corresponding period of 2025. For the January–May period, the trade shortfall increased to EUR 3,840.1 million from EUR 3,417.0 million a year earlier. source: Statistical Service of the Republic of Cyprus

Cyprus recorded a trade deficit of 788659 EUR Thousand in May of 2026. Balance of Trade in Cyprus averaged -253872.68 EUR Thousand from 1975 until 2026, reaching an all time high of 164864.00 EUR Thousand in April of 2024 and a record low of -1436299.00 EUR Thousand in January of 2023. This page provides - Cyprus Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Cyprus recorded a trade deficit of 788659 EUR Thousand in May of 2026. Balance of Trade in Cyprus is expected to be -626000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Balance of Trade is projected to trend around -1078000.00 EUR Thousand in 2027 and -1151000.00 EUR Thousand in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-09 09:00 AM
Balance of Trade
Apr €-1,007.0M €-705.0M €-680.0M
2026-07-10 09:00 AM
Balance of Trade
May €-788.7M €-1005.4M €-920.0M
2026-08-10 09:00 AM
Balance of Trade
Jun €-788.7M € -484M



Components Last Previous Unit Reference
Exports 520400.00 363076.00 EUR Thousand May 2026
Imports 1309059.00 1368463.00 EUR Thousand May 2026

Related Last Previous Unit Reference
Balance of Trade -788659.00 -1005387.00 EUR Thousand May 2026
Tourism Revenues 197500.00 85600.00 EUR Thousand Apr 2026
Tourist Arrivals 489965.00 455680.00 Jun 2026


Cyprus Balance of Trade
Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports.
Actual Previous Highest Lowest Dates Unit Frequency
-788659.00 -1005387.00 164864.00 -1436299.00 1975 - 2026 EUR Thousand Monthly

News Stream
Cyprus Trade Deficit Widens in May
Cyprus’ trade deficit widened to EUR 788.7 million in May 2026 from EUR 742.4 million in the same month a year earlier, according to preliminary estimates. Imports advanced 22.3% year-on-year to EUR 1,309.1 million, driven largely by higher purchases from both EU and non-EU countries, which rose 13.4% to EUR 705 million and 34.7% to EUR 604.1 million, respectively. Imports included the transfer of economic ownership of vessels valued at EUR 79.9 million, up from EUR 40.4 million in May last year. Meanwhile, total exports jumped 58.9% to EUR 520.4 million, lifted by an increase of shipments to both EU (+9.3% to EUR 127.3 million) and non-EU countries (+86.2% to EUR 393.1 million). Vessel transfers were valued at EUR 34.8 million from EUR 7.5 million in the corresponding period of 2025. For the January–May period, the trade shortfall increased to EUR 3,840.1 million from EUR 3,417.0 million a year earlier.
2026-07-10
Cyprus Posts Largest Trade Deficit in Over a Year
Cyprus’ trade deficit widened to EUR 1,007.0 million in April 2026 from EUR 797.2 million a year earlier, according to preliminary estimates. This marked the largest trade deficit since December 2024, as imports rose while exports fell. Total imports jumped 15.1% year-on-year to an over one-year high of EUR 1,370.7 million, lifted by higher purchases from non-EU countries, which climbed 61.2%, while EU imports decreased 12.9%. Imports included the transfer of economic ownership of vessels valued at EUR 240.4 million, up from EUR 146.2 million in April last year. Meanwhile, total exports declined 7.6% to EUR 363.6 million, weighed by reduced shipments to non-EU countries, which dropped 14.2%, offsetting an increase in exports to EU markets of 9.6%. Vessel transfers were valued at EUR 33.8 million, compared with EUR 32.8 million in April 2025. From January to April 2026, the trade shortfall increased to EUR 3,057.1 million from EUR 2,674.6 million in the corresponding period of 2025.
2026-06-09
Cyprus Trade Shortfall Widens in March
Cyprus’ trade deficit widened to EUR 703.8 million in March 2026 from EUR 609.7 million a year earlier. Total imports jumped 11.6% year-on-year to EUR 1,210.7 million, lifted by higher purchases from EU countries, which rose 9.6% to EUR 710 million, and non-EU imports advancing by 14.6% to EUR 500.7 million. Imports included the transfer of economic ownership of vessels valued at EUR 20.3 million, down from EUR 84.2 million in March last year. Meanwhile, total exports increased by 6.7% to EUR 506.9 million, driven by higher shipments to EU countries, which grew by 8.4% to EUR 117.7 million, and non-EU markets, up 6.2% to EUR 389.2 million. Vessel transfers were valued at EUR 41.2 million, compared with EUR 98.1 million in March 2025.
2026-05-11