Cyprus’s trade deficit increased by €102.7 million in the first two months of 2025, reaching €1.24 billion, compared to €1.14 billion in the same period in 2024—despite a significant €327.3 million rise in exports during that time.

According to the Statistical Service, the trade deficit for January–February 2025 stood at €1,247.4 million, compared to €1,144.7 million in the same period of the previous year.

Total imports of goods for January–February 2025 amounted to €2,160.7 million, marking a 24.8% increase compared to €1,730.7 million in January–February 2024.

Total exports of goods for the same period reached €913.3 million, up 55.9% from €586.0 million in the corresponding period of 2024.

In February 2025 alone, total imports amounted to €1,027.2 million, a rise of 18.9% compared to €863.7 million in February 2024.

According to the Statistical Service, imports from other EU Member States amounted to €560.8 million and from third countries to €466.4 million, compared to €566.6 million and €297.1 million, respectively, in February 2024.

Imports in February 2025 included the transfer of economic ownership of ships worth €2.7 million, compared to €2.5 million in February 2024.

Meanwhile, total exports of goods in February 2025 reached €476.4 million, compared to €274.1 million in February 2024—an increase of 73.8%.

Exports to other EU Member States stood at €117.4 million, and exports to third countries at €359.0 million, compared to €117.2 million and €156.9 million respectively in February 2024.

Exports in February 2025 also included the transfer of economic ownership of ships worth €78.2 million, up from €51.4 million in February 2024.