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Euro Leads Extra-EU Trade While Dollar Dominates Energy Imports

According to a recent report from Eurostat, the euro remained the leading currency for extra-EU imports of primary goods excluding petroleum in 2025, accounting for 47.4% of total transactions. The United States dollar followed closely with a 45.0% share, highlighting the continued competition between the world’s two dominant trade currencies across international markets.

Strong Performance In Primary Goods Imports

Eurostat data show that the euro continued playing a central role in extra-EU trade involving primary commodities during 2025. Currencies from EU member states outside the eurozone represented just 1.7% of transactions, while other international currencies accounted for the remaining 5.3%, reinforcing the euro’s dominant position in this category.

USD Dominance In The Energy Sector

In stark contrast, the US dollar overwhelmingly dominated the importation of petroleum products, commanding an 86.7% share in 2025. The euro, while significant in other sectors, lagged substantially in stellar energy trade performance, with only a 12.9% share. Minor roles were played by other EU currencies (0.2%) and non-EU currencies (0.1%), reinforcing the dollar’s preeminence in the energy domain.

Competitive Landscape In Manufacturing Trade

In the realm of manufactured goods, the US dollar again led the way with a 46.2% share of imports. The euro was not far behind, securing 43.3% of the market. Additional contributions came from other EU currencies at 1.7% and non-EU currencies at 8.5%, illustrating the diversified currency usage in this trade segment.

Export Trends: Euro Ascendant Amid Varied Currency Usage

The report further reveals that the euro played a decisive role in extra-EU exports of primary goods, achieving a 62.2% share compared to the US dollar’s 22.9%. Contributions from other domestic EU currencies (2.5%) and non-EU currencies (12.1%) complemented the overall export transactions. In petroleum exports, however, the US dollar remained dominant with a 70.1% share. The euro managed a notable 27.5% share in this energy category.

Manufactured Goods Exports

In manufactured goods exports, the euro maintained its lead with a 50.4% share, while the U.S. dollar represented 32.4% of transactions. Other EU currencies accounted for 1.8%, with non-EU currencies making up the remaining 15.2%, highlighting continued diversification in international trade settlement practices.

The latest Eurostat figures illustrate the euro’s strong position across large segments of extra-EU trade, even as the U.S. dollar continues dominating energy-related transactions and maintains a major role in global manufacturing trade.

Genikes Insurance Wins Two Global Banking And Finance Awards

Genikes Insurance received two distinctions at the Global Banking and Finance Awards 2026, winning Best General Insurance Company in Cyprus and Best Insurance Website Cyprus. The awards reflect the company’s position within the Cypriot insurance market as well as its broader digital transformation strategy focused on expanding online services and improving customer experience.

Market Leadership And Digital Transformation

Genikes Insurance has invested in developing a more modern digital platform designed to simplify key insurance services, including policy issuance and online claims management. The company said the upgraded platform aims to improve efficiency and accessibility while strengthening its position within an increasingly competitive insurance sector.

Customer-Centric Approach

Commenting on the recognition, General Manager Christiana Agrotis said the company continues focusing on reliability, innovation and customer-focused services tailored to the needs of the Cypriot market. According to Agrotis, the recognition of the company’s digital platform also reflects the trust customers place in its services and broader insurance offering.

Technology-Driven Innovation

The updated website was designed to provide simpler navigation and improved access to insurance information and digital services. Company officials said the platform forms part of broader efforts to integrate technology more closely into customer service and operational processes. Genikes Insurance added that it remains focused on strengthening long-term customer relationships while continuing investments in digital capabilities and service development.

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