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.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

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.

The Future Forbes Realty Global Properties

Meta’s Muse Is Outpacing ChatGPT In Early Mobile Adoption, New Data Suggests

by THEFUTURE.TEAM

September 22, 2026

Meta’s new AI app, Muse, may be emerging as one of the company’s strongest consumer launches to date. Fresh estimates from market intelligence firm Apptopia suggest the app has outperformed ChatGPT in early mobile traction, at least in the U.S. and Canada.

According to Apptopia, Muse recorded more downloads in its first 12 days on the market than ChatGPT did during the comparable period after its mobile debut. The comparison, limited to the U.S. and Canada, puts Muse’s iOS downloads at 1.8 million versus 1.3 million for ChatGPT over the same initial window.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

A Strong Early Start Across Platforms

In total, Muse has reached 2.8 million global installs in its first 12 days, according to the firm. The app’s momentum also appears to be holding. After debuting at No. 2 on the U.S. App Store, Muse has since climbed to No. 1, surpassing ChatGPT, according to reporting from Business Insider. Appfigures had previously estimated that Muse crossed 1 million downloads shortly after launch.

That early rise matters because app-store performance in the first days after launch often signals whether a product can sustain consumer attention beyond initial curiosity. In Meta’s case, the data suggests Muse is not simply benefiting from novelty; it is gaining ground quickly enough to challenge the category leader.

Daily Users Show Similar Momentum

Apptopia’s estimates point to another favorable comparison for Meta: daily usage. In the U.S. alone, Muse is said to have 642,000 daily active users, well above the 231,000 ChatGPT had at the same stage of its mobile rollout.

To make the comparison fairer, Apptopia also narrowed the analysis to iOS only, since ChatGPT launched on iPhone before expanding more broadly. Even under that tighter lens, Muse still comes out ahead, with 359,000 daily active users on iOS compared with ChatGPT’s earlier figure.

Why Meta Has An Advantage

Third-party estimates are not the same as internal company data, and Apptopia cannot see Meta’s proprietary numbers. Still, even directional data suggests Muse may be on track to become a meaningful consumer product for Meta.

That possibility is strengthened by Meta’s distribution advantage. The company has already demonstrated how powerful its ecosystem can be with Threads, which surpassed 500 million users after heavy promotion across Instagram and Facebook. Muse is likely to receive a similar boost, especially because it can connect across Facebook, Instagram, and WhatsApp.

Apptopia does not track Meta’s internal promotion strategy, but its data indicates that more than 95% of Muse users are also Facebook users, while 63% are Instagram users. That overlap underscores how effectively Meta can move users across its products when it chooses to prioritize a launch.

The Strategic Test For Meta

For Meta, the early signal from Muse is less about one app’s download count than about whether the company can turn its scale into durable AI adoption. The first test is attention. The harder one is retention.

If Muse can convert early downloads into habitual use, Meta may have found a new front door into its AI ambitions. If not, the app risks becoming another example of how easily mobile hype can spike before settling back down.

Meta, which was asked for comment, has not yet released public figures on Muse’s early adoption.

Breaking news