Nicosia: Cyprus’ trade deficit reached £3,871.4 million in the first half of 2025, an increase of £223.1 million compared to the same period last year, as per provisional data for June released by the Cyprus Statistical Service (CyStat) on Monday.
According to Cyprus News Agency, the provisional data indicates that total imports of goods in June 2025 saw a 21.1% rise, amounting to £1,114.7 million compared to £920.3 million in June 2024. Specifically, imports from other EU Member States were £588.0 million, and from third countries, they were £526.7 million, in contrast to £554.3 million and £366.0 million, respectively, in June 2024. Notably, imports in June 2025 included the transfer of economic ownership of vessels, valued at £50.6 million compared to £77.8 million in the previous year.
On the export front, total exports of goods in June 2025 were recorded at £506.5 million, up from £452.5 million in June 2024, marking an 11.9% increase. Exports to other EU Member States amounted to £141.5 million, and to third countries, they reached £365.0 million, compared to £127.8 million and £324.7 million, respectively, in June 2024. It is noted that exports in June 2025 included the transfer of economic ownership of vessels, valued at £63.3 million, compared to £160.6 million in the same month of the previous year.
According to the Statistical Service, total imports of goods from January to June 2025 totaled £6,495.6 million, compared to £5,645.9 million in the same period of 2024, reflecting a 15.0% increase. Meanwhile, total exports of goods in the first half of 2025 were £2,624.2 million, up from £1,997.6 million in the corresponding period of 2024, registering a substantial increase of 31.4%.
The report concludes by highlighting that the trade deficit was £3,871.4 million in January-June 2025, up from £3,648.3 million in the same period of 2024.