The trade deficit in Cyprus reached €2.613,7 million in the period January–April 2025, reflecting an increase of €149.5 million compared to the same period in 2024. This occurred despite a sharp rise in exports, according to preliminary data released by the Statistical Service on Tuesday.

Imports and Exports (January–April 2025)

During this four-month period:

• Total imports of goods rose to €4,356.9 million, up 18.9% from €3,665.6 million in 2024.

• Total exports recorded a significant increase of 45.1%, reaching €1,743.2 million, compared to €1,201.4 million during the same period last year.

April 2025 Trade Activity

In April 2025 alone, total imports of goods amounted to €1,156 million, representing a 4.4% increase compared to €1,106.8 million in April 2024.

• Imports from EU Member States: €715.9 million (up from €661.3 million)

• Imports from third countries: €440.1 million (down slightly from €445.5 million)

This total includes the transfer of economic ownership of ships and aircraft, valued at €142.6 million, compared to €151.0 million in April 2024.

Meanwhile, total exports of goods stood at €390 million in April 2025, reflecting a 10.7% year-on-year increase from €352.4 million.

• Exports to EU Member States: €105.7 million (down from €109.7 million)

• Exports to third countries: €284.3 million (up from €242.7 million)

Included in these figures is the transfer of economic ownership of ships, valued at €32.8 million, down from €38.2 million in April 2024.

The Statistical Service also released final data for March 2025, showing total imports of €1,031.1 million, an increase of 24.5% compared to €828.1 million in March 2024.

• Exports of domestically produced goods, including ship and aircraft supplies, totaled €283.4 million, a sharp 87.4% increase from €151.2 million in March 2024.

  • Industrial products (excluding ship/aircraft supplies): €271.7 million (up from €140.1 million)

  • Agricultural products (excluding ship/aircraft supplies): €10.8 million (up from €10.3 million)

• Exports of foreign products, including ship and aircraft supplies, amounted to €135.8 million, a 21.4% rise from €111.9 million in March 2024.