Cyprus trade deficit widened to 680.5 million euros in August

(1) Cyprus’ preliminary trade deficit estimate for August widened to 680.5 million euros, compared to 597.3 million euros in the same period last year. (2) Imports in August rose 14.9% year-on-year to 1.3241 billion euros, with imports from non-EU countries surging by 44.8% to 754.9 million euros, while imports from other EU member states declined by 9.7% to 569.2 million euros. (3) Imports include the transfer of economic ownership of ships valued at 1.1 million euros, compared with 55 million euros in the same period last year. (4) Exports in August grew 17.9% to 643.5 million euros, with exports to EU member states up 40.5% to 106.8 million euros, and exports to non-EU countries up 14.2% to 536.7 million euros. (5) The transfer of ships and aircraft amounted to 20.8 million euros, compared to 54.3 million euros in the same period last year. (6) From January to August, Cyprus’ trade deficit widened to 6.3033 billion euros, compared to 5.4835 billion euros in the same period in 2025.