FX.co ★ Cyprus Trade Deficit Widens in August

Cyprus’ trade deficit widened to EUR 680.5 million in August 2026 from EUR 597.3 million in the same month a year earlier, according to preliminary estimates. Imports increased by 14.9% year-on-year to EUR 1,324.1 million, driven by a sharp rise in purchases from non-EU countries, which jumped 44.8% to EUR 754.9 million. By contrast, imports from other EU member states fell by 9.7% to EUR 569.2 million. The import figures include the transfer of economic ownership of vessels valued at EUR 1.1 million, significantly lower than the EUR 55.0 million recorded a year earlier.

Exports rose by 17.9% to EUR 643.5 million, supported by higher shipments to both EU and non-EU destinations. Exports to EU member states increased by 40.5% to EUR 106.8 million, while exports to non-EU countries climbed 14.2% to EUR 536.7 million. Transfers of vessels and aircraft totalled EUR 20.8 million, down from EUR 54.3 million in the same month of the previous year.

Over the January–August period, the trade deficit widened to EUR 6,303.3 million, compared with EUR 5,483.5 million in the corresponding period of 2025.