Cyprus’s trade deficit narrowed sharply to €476.6 million in January 2026, down from €707.5 million a year earlier, according to preliminary estimates. This marks the smallest trade gap since a surplus was recorded in April 2024. Imports fell 13.6%, driven by lower purchases from both the EU (-4.9%) and third countries (-22.6%). Meanwhile, exports rose 16.6%, with EU-bound sales up 15.2% and shipments to third countries increasing 17%.