10.11.202512:27:17UTC+00Cyprus Trade Deficit Widens in September

In September 2025, Cyprus experienced an expansion in its trade deficit, which increased to EUR 710.6 million from EUR 632.2 million in the previous year, according to preliminary data. This was due to significant rises in both imports and exports. Imports rose by 22.5% to reach EUR 1,208.0 million, predominantly fueled by a 68.8% increase in purchases from non-EU countries, while imports from the EU saw a decline of 3.3%. Meanwhile, exports saw a substantial climb of 40.5%, amounting to EUR 497.4 million, bolstered by higher sales to EU countries (up 53.2%) and third countries (up 34.5%). It is important to note that these figures account for the economic transfer of vessel ownership, totaling EUR 108.0 million, compared to EUR 42.2 million in September 2024. Over the January-September period in 2025, Cyprus reported a trade deficit of EUR 5.88 billion, which is an increase from the EUR 4.79 billion observed during the same timeframe in 2024.