Nicosia: Cyprus’ trade deficit from January to September 2025 has seen an increase when compared to the same period in 2024.
According to Cyprus News Agency, the trade deficit rose to £5,884.2 million in January-September 2025, up from £4,787.0 million during the same timeframe in 2024.
Total imports of goods in September 2025 were reported at £1,208.0 million, marking a 22.5% increase from £986.3 million in September 2024. Imports from other EU Member States were £612.5 million, while imports from third countries stood at £595.5 million, compared to £633.6 million and £352.7 million respectively in September 2024. The transfer of economic ownership of vessels contributed £35.6 million to imports in September 2025 as compared to £30.4 million in September 2024.
Total exports of goods in September 2025 increased by 40.5% to £497.4 million, up from £354.1 million in September 2024. Exports to EU Member States were valued at £173.6 million, while exports to third countries were £323.8 million, compared to £113.3 million and £240.8 million respectively in September 2024. The transfer of economic ownership of vessels accounted for £108.0 million of exports in September 2025, as compared to £42.2 million in September 2024.
Overall, total imports of goods from January to September 2025 reached £10,111.1 million, a 15.3% increase from £8,768.0 million in the same period of 2024. Total exports of goods during these months were £4,226.9 million, showing a 6.2% rise from £3,981.0 million in January-September 2024.
In August 2025, total imports of goods amounted to £1,116.7 million, up from £981.8 million in August 2024, showing a 13.7% increase. Exports of domestically produced products, including stores and provisions for ships and aircraft, saw a significant rise of 105.8%, reaching £399.1 million in August 2025 compared to £193.9 million in August 2024.
Domestic exports of industrial products, excluding stores and provisions for ships and aircraft, were £392.6 million in August 2025, compared to £186.4 million in August 2024. Conversely, domestic exports of agricultural products, excluding stores and provisions for ships and aircraft, decreased to £5.8 million in August 2025 from £6.8 million in August 2024.
Exports of foreign products, including stores and provisions for ships and aircraft, increased by 36.6% to £132.4 million in August 2025, up from £96.9 million in the previous year.
The main categories of exports of domestically produced goods for January-August 2025, excluding stores and provisions for ships and aircraft, were mineral fuels and oils valued at £1,667.6 million, halloumi cheese at £262.9 million, and pharmaceutical products at £228.9 million.