Cyprus posted a trade deficit of €2.61 billion for the period between January and April 2025, up from €2.46 billion recorded during the same period in 2024, despite a notable surge in exports, according to preliminary figures released on Tuesday by the Cyprus Statistical Service (Cystat).
Total imports of goods for the first four months of the year reached €4.36 billion, marking a 18.9 per cent increase compared to €3.67 billion in the corresponding period of 2024.
Meanwhile, total exports climbed to €1.74 bl from €1.20 bl last year, representing a substantial annual rise of 45.1 per cent.
In April 2025 alone, total imports were valued at €1.16 bl, a 4.4 per cent increase from €1.11 bl in April 2024. Imports from EU member states amounted to €715.9m, up from €661.3m, while imports from third countries declined slightly to €440.1m by €445.5m.
April’s import figures include the transfer of economic ownership of ships and aircraft, valued at €142.6m, compared to €151m during the same month in 2024.
Total exports of goods in April 2025 stood at €390m, compared to €352.4m in April 2024, an annual increase of 10.7 per cent.
Exports to EU countries reached €105.7m, down slightly from €109.7m in April 2024, while exports to third countries rose significantly to €284.3m by €242.7m.
These export figures include the transfer of ownership of ships valued at €32.8m, compared to €38.2m in April 2024.
Meanwhile, final data for March 2025 showed total imports of goods amounted to €1.03 bl, compared to €828.1m in March 2024, an increase of 24.5 per cent.
Exports of domestically produced goods, including stores and provisions for ships and aircraft, rose sharply to €283.4m in March 2025 from €151.2m a year earlier, an increase of 87.4 per cent.
Industrial product exports, excluding stores and provisions, stood at €271.7m, up from €140.1m in March 2024.
Agricultural product exports, also excluding stores and provisions, rose marginally to €10.8m by €10.3m.
Finally, exports of foreign products, including stores and provisions, increased by 21.4 per cent to €135.8m in March 2025, compared to €111.9m in the previous year.
