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Cyprus Trade Dynamics: Balancing Export Growth Against Import Surge

The initial months of 2025 signal a complex economic landscape for Cyprus, driven by robust export performance but overshadowed by a more pronounced rise in imports. According to recent data from the Cyprus Statistical Service, the nation’s trade deficit experienced an increase of €102.7 million, reaching a total of €1.24 billion.

Exports On The Rise

Cyprus saw its goods exports climb by a substantial 55.9%, totaling €913.3 million, thanks to strengthening market presence. February 2025 itself showcased a notable export figure of €476.4 million, representing a 73.8% jump from February 2024.

Import Surge Expands Deficit

Despite the encouraging export growth, imports surged even higher, growing by 24.8% and reaching €2,160.7 million. The month of February alone witnessed an import volume of €1,027.2 million, marking an 18.9% year-on-year increase.

Diversified Trade: EU And Beyond

EU trade reveals intriguing dynamics with imports from EU members at €560.8 million and third-country imports considerably higher at €466.4 million. February’s export distribution includes €117.4 million to EU partners and €359.0 million to non-EU countries.

Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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