Cyprus continues to shine in its export sectors with halloumi cheese, mineral fuels, and pharmaceutical products leading the charge. However, the nation is grappling with an expanding trade deficit that reached €5.88 billion in the first nine months of 2025, according to provisional figures from the Cyprus Statistical Service (Cystat).
Rising Import And Export Figures
September 2025 witnessed a marked increase in imports, with the total figure hitting €1.21 billion—a notable 22.5% jump over September 2024’s €986.30 million. Imports from EU partners and third countries were relatively balanced at €612.50 million and €595.50 million respectively, bolstered further by a significant €35.60 million transfer in economic vessel ownership, up from €30.40 million in the previous year.
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Export figures in the same month painted a more robust picture. Total exports reached €497.40 million, a 40.5% increase from €354.10 million in September 2024. Exports to EU nations and third countries grew to €173.60 million and €323.80 million respectively, fuelled in part by an impressive jump in the economic transfer of vessels, from €42.20 million to €108.00 million.
Sectoral Export Strengths
Analysis of the January–August period reveals consistent strengths in domestically produced goods. Leading export categories include mineral fuels and oils at €1.67 billion, halloumi cheese at €262.90 million, and pharmaceutical products at €228.90 million. Meanwhile, exports of domestically produced goods, particularly stores and provisions for ships and aircraft, saw substantial rises, indicating a dynamic market environment.
Revised Figures And Broader Economic Implications
Additional data from August 2025 underscores the evolving trade landscape. Imports for August climbed to €1.12 billion, a 13.7% increase over the €981.82 million in August 2024, while exports of domestically produced products soared by 105.8% year-over-year. Despite a slight dip in agricultural exports, these developments affirm the resilience and adaptability of Cyprus’ export sectors.
These provisional figures provide valuable economic insights for policymakers and investors alike, highlighting both the strengths of key export segments and the broader challenges posed by an expanding trade deficit in a complex global market.
