Cyprus Trade Dynamics: Balancing Export Growth Against Import Surge

by News Editor

April 10, 2025

The initial months of 2025 signal a complex economic landscape for Cyprus, driven by robust export performance but overshadowed by a more pronounced rise in imports. According to recent data from the Cyprus Statistical Service, the nation’s trade deficit experienced an increase of €102.7 million, reaching a total of €1.24 billion.

Exports On The Rise

Cyprus saw its goods exports climb by a substantial 55.9%, totaling €913.3 million, thanks to strengthening market presence. February 2025 itself showcased a notable export figure of €476.4 million, representing a 73.8% jump from February 2024.

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Import Surge Expands Deficit

Despite the encouraging export growth, imports surged even higher, growing by 24.8% and reaching €2,160.7 million. The month of February alone witnessed an import volume of €1,027.2 million, marking an 18.9% year-on-year increase.

Diversified Trade: EU And Beyond

EU trade reveals intriguing dynamics with imports from EU members at €560.8 million and third-country imports considerably higher at €466.4 million. February’s export distribution includes €117.4 million to EU partners and €359.0 million to non-EU countries.

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Cyprus Records 3.1M Guest Nights In Q3 2025

by THEFUTURE.TEAM

April 2, 2026

Cyprus recorded 3.1 million guest nights in short-term rental accommodation in the third quarter of 2025, according to Eurostat. The data reflect bookings made through online platforms.

Record Performance In Q3 2025

Between July and September 2025, guest nights reached 3,104,502 across platforms, including Airbnb, Booking.com, and Expedia. The volume highlights the role of digital booking platforms in Cyprus’s tourism sector.

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Continental Trends Bolstering Digital Tourism

Across the EU, short-term rental activity also increased. In the fourth quarter of 2025, total guest nights reached 172.30 million, up 10.90% compared to the same period in 2024 and 30.20% higher than in 2023. For the full year, online platforms accounted for 951.60 million nights in 2025, representing an increase of 11.40% year on year and 32.40% compared to 2023.

Regional Destinations And Competitive Dynamics

Tourism activity remains concentrated in southern European regions. Croatia’s Jadranska Hrvatska recorded 27.70 million guest nights, followed by Spain’s Andalucia with 19.50 million and France’s Provence-Alpes-Côte d’Azur with 16.90 million. Cyprus is not among the top 20 EU regions by volume, though its figures remain notable relative to its size.

Economic Implications And Forward Outlook

Tourism continues to play a key role in Cyprus’s economy, with online platforms accounting for a growing share of bookings. Eurostat data indicate continued expansion in digital tourism, with implications for policy planning and investment across the sector.

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