Trade Balance in Cyprus

Cyprus Trade Balance (EUR) | Economic News & Forecasts

Cyprus - Trade Balance (Euros)

According to a preliminary release, the economy rebounded strongly in the second quarter. However, a low base effect flattered the reading, as evidenced by slower GDP growth in sequential terms compared to the prior quarter. Moving forward, available data paints a fairly positive picture for Q3. Higher economic sentiment in July compared to Q2 hints at positive domestic demand dynamics, while surging numbers of tourist arrivals in annual terms in July will have buoyed the external sector. However, in early August, workers at Limassol—the country’s largest port—went on an indefinite strike against DP World, the operator of the port’s general cargo and cruise terminals. The strike is poised to disrupt operations, likely weighing on trade ahead.

Cyprus - Trade Balance (EUR) Data

2015   2016   2017   2018   2019  
Trade Balance (EUR billion)-3.2  -4.2  -5.0  -4.7  -4.7  

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Cyprus Trade Balance (EUR) Chart

Cyprus Trade
Note: Trade balance (in EUR bn).
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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