FX.co ★ Cyprus Trade Deficit Widens in June

Cyprus’ trade deficit widened to EUR 826.3 million in June 2026, from EUR 638.1 million in the same month a year earlier, according to preliminary estimates. Imports increased by 11.9% year-on-year to EUR 1,289.3 million, driven by higher inflows from both EU countries (up 18.8%) and non-EU countries (up 4.0%). These figures include the transfer of economic ownership of vessels worth EUR 117.8 million, compared with EUR 55.8 million in June 2025.

By contrast, exports fell 9.9% to EUR 463.0 million, weighed down by a sharp decline in shipments to non-EU countries (down 31.3%), even as exports to third countries rose by 42.3%. Transfers of vessels and aircraft amounted to EUR 77.3 million, up from EUR 68.5 million a year earlier.

Over the January–June period, the trade deficit widened to EUR 4,679.1 million, from EUR 4,055.1 million in the corresponding period of the previous year.