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Cyprus Trade Deficit Widens In 2025 Amid Shifting Import And Export Dynamics

by THEFUTURE.TEAM

January 9, 2026

Overview Of Cyprus Trade Imbalance

In a revealing economic report, Cyprus experienced a significant widening of its trade deficit, reaching €7.28 billion during the first eleven months of 2025. The disparity is predominantly due to robust imports outpacing exports, as outlined in provisional data released by the Cyprus Statistical Service (Cystat).

Fluctuations In Import Activity

Data from November 2025 indicates that total imports of goods totaled €1.04 billion, marking a 10.6% decline when compared with €1.16 billion recorded in November 2024. Imports sourced from other EU member states were valued at €595.70 million, while goods originating from third countries amounted to €442.70 million—down from €657.50 million and €503.90 million respectively in the corresponding period of the previous year.

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Notably, the transfer of economic ownership of vessels was a minor component of November imports, valued at €10.00 million as opposed to €138.70 million in the prior year, underscoring a shift in this niche segment of trade.

Export Growth And Regional Shifts

Despite the overall trade deficit, export activity showed positive momentum. In November 2025, total exports reached €407.10 million, a 6.3% increase over the €382.90 million reported in November 2024. Exports to EU member states were valued at €106.50 million, whereas exports to third countries were classified at €300.60 million—up from €83.10 million and €299.80 million respectively in the previous year.

In the context of vessel transfers, November exports included a €42.60 million transaction, down from €55.50 million a year earlier, indicating sector-specific challenges.

Annual Trade Performance And Sector Analysis

For the period spanning January to November 2025, Cyprus recorded total goods imports of €12.31 billion, reflecting a 9.9% year-on-year increase from €11.20 billion. Simultaneously, total exports for the period rose to €5.03 billion, a 4.5% increase from €4.81 billion in the corresponding period of 2024. Consequently, the overall trade deficit widened to €7.28 billion, compared with €6.39 billion in 2024.

Monthly snapshots, such as the final data for October 2025, reveal that imports dropped 8.9% from €1.27 billion in October 2024 to €1.15 billion in October 2025. Meanwhile, exports of domestically produced products, which include essential items for ships and aircraft, slipped by 16.4% from €296.40 million to €247.70 million. Domestic industrial product exports also saw a decline, falling from €289.00 million to €238.70 million, whereas agricultural exports nudged upward from €6.10 million to €7.80 million. Additionally, exports of foreign products experienced a 4.7% decrease from €150.40 million to €143.30 million.

Sector-Specific Export Highlights

Among the principal exports of domestically produced goods—excluding stores and provisions for ships and aircraft—the leading categories for January to October 2025 were mineral fuels and oils, which stood at €2.00 billion, halloumi cheese at €309.70 million, and pharmaceutical products at €289.70 million. These figures underscore the varied and strategic nature of Cyprus’s export economy.

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EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

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Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.