09.11.202610:08:29UTC+00Cyprus Trade Deficit Narrows to 8-Month Low

Cyprus’ trade deficit narrowed to EUR 550.3 million in September 2026, the lowest level since January, down from EUR 747.6 million in the same month a year earlier, according to preliminary estimates.

Imports increased by 19.7% year-on-year to EUR 1,489.6 million, driven by higher purchases from both EU countries (up 10.4% to EUR 705.2 million) and non-EU countries (up 29.6% to EUR 784.4 million). These figures include the transfer of economic ownership of vessels and aircraft valued at EUR 58.9 million, compared with EUR 38.0 million in September of the previous year.

Exports surged by 89.1% to EUR 939.3 million, supported by strong growth in shipments to non-EU countries (up 123.3% to EUR 723.3 million) and to EU countries (up 25.1% to EUR 216.0 million). Exports also included the transfer of economic ownership of vessels worth EUR 157.3 million, up from EUR 108.0 million a year earlier.

Over the period January–September, however, the trade deficit widened to EUR 6,863.9 million from EUR 6,231.1 million in the corresponding period of the previous year.