Cyprus Trade Activity Accelerates in June 2025 Amid Elevated Import And Export Growth

by THEFUTURE.TEAM

August 11, 2025

Strong Import Surge In June

Cyprus experienced a remarkable 21.1 percent increase in total imports in June 2025, reaching €1.11 billion compared to €920.3 million a year earlier. Analyzing the figures, imports from third countries surged to €526.7 million from €366.0 million, underscoring a significant realignment in trade channels. Although the transfer of economic ownership of vessels saw a decline, overall import growth remains robust.

Export Expansion And Persistent Trade Deficit

Parallel to the import uptick, exports advanced by 11.9 percent to €506.5 million in June 2025 from €452.5 million in June 2024, bolstered by improved performance both within the European Union and with third country markets. Yet despite this positive export momentum, Cyprus’ trade deficit widened to €3.87 billion in the first half of 2025, compared to €3.65 billion in the previous year.

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First Half Performance Highlights

For the period spanning January to June 2025, total imports climbed 15.0 percent to €6.50 billion, while total exports surged 31.4 percent to €2.62 billion. This dynamic export growth highlights a period of economic opportunity, even as the widening trade deficit signals ongoing challenges in balancing international trade flows.

May 2025: A Month Of Divergent Trends

In May 2025, a contrasting trend emerged where overall imports decreased by 5.2 percent, registering at €1.01 billion. Domestically produced exports, including stores and provisions for ships and aircraft, rose by 9.5 percent, reflecting sector-specific resilience. However, a decline in domestic agricultural exports and foreign product exports points to the nuanced complexities impacting different segments of the trade ecosystem.

Implications For Strategic Trade Policy

The evolving trade landscape in Cyprus, marked by rapid export growth and escalating imports, demands a strategic review of policy frameworks and business practices. Companies and decision makers must leverage these insights to recalibrate market strategies and address the inherent challenge of a widening trade deficit. The current trends suggest an imperative for adaptive policy measures that foster a balanced growth trajectory in an increasingly interconnected global market.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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