Cyprus Balance of Trade

Last Release

Sep 30, 2025

Actual

-710,583

Units In

EUR Thousand

-566,887

Frequency

Monthly

Next Release

Dec 10, 2025

Time to Release

28 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
158,661 Mar 2018	-1,393,337 Jan 2023	-247,843.61 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 widened to EUR 710.6 million in September 2025 from EUR 632.2 million a year earlier, amid rising imports and exports, preliminary estimates showed. Imports surged 22.5% to EUR 1,208.0 million, driven mainly by purchases from non-EU countries, which rose 68.8%, while imports from the EU fell 3.3%. Exports jumped 40.5% to EUR 497.4 million, supported by increases in sales to both the EU (53.2%) and third countries (34.5%). The figures include transfers of economic ownership of vessels, which totaled EUR 108.0 million, up from EUR 42.2 million in September 2024. Over the first nine months of 2025, Cyprus recorded a trade deficit of EUR 5.88 billion, compared with EUR 4.79 billion in the same period of 2024.