The opening of the Suez Canal in 1869 brought the strategic position of Cyprus to the international stage. The geopolitical position of the Mediterranean for world trade remains important today. The administration of Cyprus was left to Britain in 1878 with the Cyprus Convention signed between Britain and the Ottoman Empire. With the outbreak of World War I, Britain annexed Cyprus in 1915. Cyprus was given the status of a Crown Colony in 1925. During the war period, between 1915 and 1922, foreign trade of Cyprus reached the highest figures in its history. Cyprus was used as a military and commercial safe haven for British trade and allies. The post-war economic crises, especially the onset of the Great Depression in 1929, shook the world economy. The purpose of this study is to examine the impact of the economic crises of the period 1923-1938 on foreign trade of Cyprus and whether the wartime development continued or not.The share of the UK and other countries in foreign trade and the status of Cyprus in international foreign trade will be determined. In the study, first of all, the commercial data of Cyprus foreign trade for the period 1923-1938 will be organized and interpreted using statistical methods (tables and graphs). As a result of the study, it was determined that the period of 1923-1938 in Cyprus was a fluctuating period of decline and rise in foreign trade due to economic crises. In 1938, exports increased by 176% and imports by 110% compared to 1923. Despite the crisis, the geography of foreign trade of Cyprus expanded and the number of traded countries increased. The share of European countries in foreign trade increased. While Cyprus exports mineral products and food to Europe, it also became one of the new markets for products produced in Europe. It was also a transit island in international trade.