09.02.202610:52:15UTC+00Cyprus Trade Deficit Narrows in December

Cyprus’ trade deficit narrowed to EUR 713.9 million in December 2025, from EUR 1,010.1 million in the same month of the previous year. Total exports rose by 30.5% year-on-year to EUR 490.5 million, supported by strong growth in shipments both to EU and non-EU destinations. Exports to EU member states surged by 88.4% to EUR 182.7 million, while exports to non-EU countries increased by 10.3% to EUR 307.8 million.

The export figures include the transfer of economic ownership of vessels, which amounted to EUR 130.1 million in December 2025, up from EUR 51.4 million a year earlier.

On the import side, total inflows declined by 13.1% to EUR 1,204.4 million. This reflected a sharp 39.2% drop in imports from non-EU countries, to EUR 415.1 million, partly offset by a 12.2% increase in imports from EU partners, which reached EUR 789.3 million. Imports related to vessel transfers were valued at EUR 218.3 million, down from EUR 337.4 million in December 2024.

For the full year 2025, total imports grew by 7.7% to EUR 13,551.8 million, while exports increased by 7.0% to EUR 5,550.4 million. As a result, the annual trade deficit widened to EUR 8,001.4 million, compared with EUR 7,395.3 million in 2024.