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The Cyprus trade deficit rose to EUR 493.8 million in September 2019 from EUR 415.4 million in the same month of the previous year, as exports slumped 18.9 percent to EUR 218.5 million, the lowest since March. Meantime, imports rose 4 percent from a year earlier to EUR 712.3 million.

Cyprus posted a trade deficit of EUR 374 million in March 2019, compared to a EUR 730 million surplus in the same month of the previous year. Exports plunged 75.9 percent to EUR 213 million, with sales to countries outside the EU falling 86.1 percent while those to the EU rose 24.4 percent. Meanwhile, imports dropped at a softer 19.5 percent to EUR 587 million, as purchases declined from non-EU countries (-54.7 percent). Imports from the EU, however, increased 10.9 percent. Considering the first quarter of 2019, the trade deficit surged to EUR 1,032 million from EUR 685 million in the same period last year.

The trade deficit in Cyprus decreased to EUR 379.4 million in February of 2019 from EUR 421.7 million in the corresponding month of the previous year. Exports dropped 9.2 percent from a year earlier to EUR 172.9 million, with sales to the EU declining 2.2 percent and those to non-EU countries decreasing 14.0 percent. Meantime, imports slumped 9.8 percent to EUR 552.3 million, as purchases from the EU went down 1.1 percent and those from non-EU countries fell 27.7 percent.

The trade deficit in Cyprus narrowed to EUR 271.5 million in January of 2019 from EUR 416.3 million in the corresponding month of the previous year. Exports jumped 158.9 percent from a year earlier to EUR 532.0 million, mainly due to a rise in shipments to EU countries (+388.9 percent to 437.4 million) while those to non-EU countries declined 18.5 percent to EUR 94.6 million. Meanwhile, imports advanced 29.2 percent to EUR 803.6 million, boosted by higher purchases from non-EU countries (+84.2 percent to EUR 440.3 million) whereas imports from EU countries fell (-5.1 percent to EUR 363.3 million).

The trade deficit in Cyprus rose to EUR 656.5 million in December of 2018 from EUR 492.4 million in the same month of the previous year. Exports slumped 29.7 percent from a year earlier to EUR 163.7 million, as sales declined to both non-EU countries (-30.9 percent to EUR 104.7 million) and EU countries (-27.4 percent to EUR 58.9 million). Meanwhile, imports advanced 13.1 percent to EUR 820.1 million, as purchases jumped from non-EU countries (61.8 percent to EUR 440.1 million) whereas those from EU countries decreased (-16.2 percent from EUR 380.0 million). Considering full 2018, the trade gap narrowed to EUR 4,848.8 million from EUR 5,247.8 million in 2017, as exports surged 43.0 percent to EUR 4,245.5 million while imports rose at a softer 10.7 percent to EUR 9,094.3 million.