Cyprus experienced a significant widening of its trade deficit in 2025, according to recent data released by government sources. The island nation’s import expenditures surged while export growth remained sluggish, raising concerns among economists and policymakers about the sustainability of its external balances. This development marks a notable shift in Cyprus’s economic landscape, with implications for its fiscal policy and international trade relations.
Cyprus Trade Deficit Expands Amid Rising Import Costs and Sluggish Export Growth
Cyprus is grappling with an increasingly strained trade balance as import costs continue to swell, outpacing the modest gains seen in exports. The island nation’s reliance on energy imports, particularly oil and gas, has caused a surge in expenditure, driven by volatile global prices. Meanwhile, Cypriot exports have shown minimal growth, hindered by subdued demand in key markets and ongoing logistical challenges. Key sectors such as…
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Author : Noah Rodriguez
Publish date : 2026-02-11 20:40:00
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