Cyprus trade deficit widens as exports fall in early 2026
Cyprus’ trade deficit widened during the first four months of 2026, according to figures released by the Cyprus Statistical Service (Cystat), as imports increased and exports declined compared with the same period last year. The latest data showed that the country’s trade deficit reached €3.05 billion in the January to April 2026 period, up from €2.67 billion recorded during the corresponding period of 2025. According to the provisional figures for April 2026, total imports o
Cyprus experienced a widening trade deficit in the first four months of 2026, as reported by the Cyprus Statistical Service. This increase in the deficit, from €2.67 billion to €3.05 billion year-on-year, was driven by a significant rise in imports, particularly from non-EU countries, and a concurrent decline in overall exports. While total imports grew by 4.8%, total exports contracted by 9.3% during the January to April period.
The widening trade deficit indicates a potential strain on the Cypriot economy, suggesting that the country is spending more on foreign goods than it earns from selling its own products abroad.
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