Nicosia: Imports and exports of goods recorded a significant increase in June and July, compared to the same months last year. There was also a large increase in imports and exports on an annual basis in the first seven months of the year. The trade deficit was pound 4,567.4 million for the period January-July 2025, compared to pound 4,388.1 million in the corresponding period of 2024.
According to Cyprus News Agency, data published today by the Statistical Service, based on preliminary data, showed total imports of goods in July 2025 were pound 1,263.7 million compared to pound 1,066.5 million in July 2024, recording an increase of 18.5%. Imports from other European Union (EU) member states were pound 709.3 million and from third countries pound 554.4 million, compared to pound 645.5 million and pound 421.0 million, respectively, in July 2024. Imports in July 2025 included the transfer of economic ownership of vessels, with a total value of pound 8.7 million compared to pound 12.6 million in July 2024.
Total exports of goods in July 2025 were pound 564.3 million compared to pound 326.8 million in July 2024, marking an increase of 72.7%. Exports to other EU Member States amounted to pound 170.7 million and to third countries to pound 393.6 million, compared to pound 102.0 million and pound 224.8 million respectively in July 2024. Exports in July 2025 included the transfer of economic ownership of vessels, with a total value of pound 89.9 million compared to pound 20.4 million in July 2024.
Total imports of goods for the period January-July 2025 were pound 7,760.9 million, compared to pound 6,712.4 million for the period January-July 2024, marking an increase of 15.6%. Total exports of goods for the period January-July 2025 were pound 3,193.5 million compared to pound 2,324.3 million for the period January-July 2024, marking an increase of 37.4%. The trade deficit was pound 4,567.4 million for the period January-July 2025, compared to pound 4,388.1 million in the corresponding period of 2024.
Based on final June data, total imports of goods were pound 1,122.8 million in June 2025 compared to pound 920.3 million in June 2024, marking an increase of 22.0%.
Exports of domestically produced products, including stores and provisions for ships and aircraft, for June 2025 were pound 347.0 million compared to pound 190.1 million in June 2024, recording an increase of 82.5%.
The value of domestic exports of industrial products, excluding ship and aircraft stores and provisions, for June 2025 amounted to pound 336.2 million compared to pound 178.2 million in June 2024. The value of domestic exports of agricultural products, excluding ship and aircraft stores and provisions, for June 2025 amounted to pound 9.7 million compared to pound 10.7 million in June 2024.
Exports of foreign products, including stores and provisions to ships and aircraft, for June 2025 were pound 164.5 million compared to pound 262.4 million in June 2024, marking a decrease of 37.3%.