Greek exports to Cyprus reach €2.955 billion as food, fuel and cosmetics lead demand

Greek supplies retain a strong position

Cyprus imported €2.955 billion of goods from Greece, compared with €2.988 billion in 2024, a decline of 1.1%, according to Greek business publication OT. Despite the annual contraction, imports from Greece increased by 10% between 2022 and 2025, based on data from the Cyprus Statistical Service cited by the publication.

The figures show that demand remains spread across a broad range of products rather than depending on a single industry. Fuels and mineral oils are among the leading categories, alongside pharmaceuticals, cosmetics and personal-care products. Food shipments include dairy products, honey, cereal preparations and flour-based products.

Food and construction offer further openings

OT reports that food, beverages, cosmetics and personal-care goods continue to offer significant export potential in Cyprus. The steady expansion of the Cypriot construction sector is also creating opportunities for suppliers of related products, widening the addressable market beyond consumer goods and energy.

For Greek producers and distributors, the product mix combines recurring consumer demand with sectors influenced by investment activity. Food and personal-care suppliers can build on established commercial links, while construction-related manufacturers may benefit from project demand. Fuel and pharmaceutical sales, meanwhile, keep higher-value categories at the centre of the bilateral goods relationship.

Trade and investment links deepen

Cyprus exported €349.4 million of goods to Greece, up 3.2% from €338.4 million in 2024. Cheese products occupy the leading position among Greek imports from Cyprus. Re-exports account for 53% of Cyprus’s exports, an important consideration when assessing the origin and composition of the flow.

Commercial integration extends beyond merchandise. Greek companies operate in Cyprus across energy, retail, information technology, food production, healthcare, property and hotels. The market includes Helleniq Energy, CORAL, Sklavenitis, Public, Fourlis Group, METRO Group, Jumbo, Cosmos, Hellenic Dairies, HHG, Bioiatriki and MVH.

Businesses expand on both sides

Greek financial institutions also have a substantial presence in Cyprus. In 2025, Alpha Bank completed the acquisition and integration of Astrobank, while Eurobank completed its acquisition of Hellenic Bank. Similar activity took place in insurance, and the National and Kapodistrian University began operating in Cyprus during the year.

Cypriot companies are active in Greece in construction, property, tourism development, hotels, financial services, shipping, logistics, energy, technology, digital services, food and beverage distribution, restaurants and pharmaceuticals. Cypriot businesses are also showing strong interest in further expansion in Greek property, hotels, technology and digital services. These two-way investments reinforce the distribution networks and corporate relationships supporting bilateral trade.