Cyprus’ trade deficit grew in the first two months of 2026 as exports fell sharply and imports edged lower, according to figures released by the Statistical Service.
Preliminary data for February show total imports rising 5.6% year‑on‑year to €1.12 billion, driven in part by €182.4 million in ship and aircraft transfers. Imports from EU member states reached €675 million, while imports from third countries totaled €440.4 million.
Exports in February dropped 50.8% to €244.3 million. Sales to the EU fell to €93.2 million and exports to third countries to €151.1 million. The month included €10.5 million in ship‑transfer activity, compared with €97 million a year earlier.
For January–February, imports totaled €2.11 billion, down 4.5% from the same period in 2025. Exports fell 18.5% to €766.2 million. The trade deficit widened to €1.34 billion from €1.27 billion a year earlier.
Final data for January show imports at €992.6 million, a 13.8% decline. Domestic exports — including ship and aircraft supplies — fell 30.2% to €257 million. Industrial exports (excluding ship and aircraft supplies) reached €244.9 million, while agricultural exports totaled €10.5 million.
Foreign‑product exports surged to €264.9 million from €75.3 million, reflecting increased re‑exports. Key domestic export categories in January included mineral fuels (€144.9 million), pharmaceuticals (€39.2 million) and halloumi (€24.4 million).