Cyprus Balance of Trade

Last Release

Nov 30, 2025

Actual

-631,260

Units In

EUR Thousand

-764,429

Frequency

Monthly

Next Release

Feb 09, 2026

Time to Release

28 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
158,661 Mar 2018	-1,393,337 Jan 2023	-249,316.61 EUR Thousand	1975-2025	Statistical Service of the Republic of Cyprus

Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports.

Latest Updates

Cyprus’ trade deficit narrowed notably to EUR 631.3 million in November 2025 from EUR 778.5 million in the same month a year earlier, according to preliminary estimates. This marked the smallest trade gap since August, as exports rose by 6.3% year-on-year to EUR 407.1 million, supported mainly by stronger shipments to EU countries (28.16%) and a marginal increase to non-EU markets (0.27%). Total exports included the transfer of economic ownership of vessels, amounting to EUR 42.6 million, down from EUR 55.5 million in November 2024. Meanwhile, imports fell by 10.6% year-on-year to EUR 1,038.4 million, reflecting lower purchases from both EU countries (-9.4%) and non-EU countries (-12.15%). Imports also included vessel ownership transfers worth EUR 100 million, compared with EUR 138.7 million a year earlier. For the first eleven months of 2025, Cyprus’ trade deficit widened to EUR 7,284.3 million, from EUR 6,385.1 million in the corresponding period of 2024.