Cyprus recorded an annual increase in its trade deficit for the period of January–March 2025, according to the latest data from the Statistical Service. The trade deficit reached €1.846 billion, compared to €1.709 billion for the same period in 2024.

In March 2025, total imports of goods amounted to €1.021 billion, up by 23.3% compared to €828.1 million in March 2024. Imports from EU member states were €586.0 million, while imports from third countries stood at €435.2 million, compared to €567.0 million and €261.1 million, respectively, in March 2024. The March 2025 imports also included the transfer of economic ownership of ships, totaling €53.7 million, compared to €9.5 million in March 2024.

Total exports of goods in March 2025 were €409.0 million, a significant increase of 55.5% from €263.1 million in March 2024. Exports to other EU member states amounted to €102.8 million, while exports to third countries totaled €306.2 million, compared to €115.5 million and €147.6 million, respectively, in March 2024. March 2025 exports included the transfer of economic ownership of ships, totaling €35.8 million, compared to €36.6 million in March 2024.

Total imports of goods for the January–March 2025 period reached €3.190 billion, up by 24.7% from €2.558 billion during the same period in 2024.

Total exports for January–March 2025 amounted to €1.344 billion, reflecting a significant increase of 58.3% compared to €849.1 million in the first quarter of 2024.

The trade deficit for the January–March 2025 period was €1.846 billion, compared to €1.709 billion in the same period of 2024.

Total imports of goods in February 2025 were €1.035 billion, an increase of 19.9% from €863.7 million in February 2024.

Exports of domestically produced goods, including ship and aircraft supplies, reached €321.6 million in February 2025, compared to €120.5 million in February 2024, marking a substantial 166.9% increase.

The value of exports of domestic industrial products, excluding ship and aircraft supplies, amounted to €311.1 million in February 2025, compared to €111.5 million in February 2024. The value of domestic agricultural product exports, excluding ship and aircraft supplies, reached €9.5 million, compared to €7.9 million in February 2024.

Exports of foreign goods, including ship and aircraft supplies, totaled €173.0 million in February 2025, compared to €153.6 million in February 2024, showing a 12.6% increase.