{"id":120242,"date":"2025-11-10T18:08:56","date_gmt":"2025-11-10T16:08:56","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=120242"},"modified":"2025-11-10T18:08:56","modified_gmt":"2025-11-10T16:08:56","slug":"cyprus-trade-deficit-widens-to-e5-88-billion-despite-surge-in-september-exports","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/he\/cyprus-trade-deficit-widens-to-e5-88-billion-despite-surge-in-september-exports\/","title":{"rendered":"Cyprus Trade Deficit Widens to \u20ac5.88 Billion Despite Surge in September Exports"},"content":{"rendered":"<p>Cyprus&#8217;s trade deficit saw a substantial annual increase during the first nine months of 2025, reaching \u20ac5.88 billion. This figure is significantly higher than the \u20ac4.79 billion deficit recorded during the corresponding period in 2024, highlighting a persistent imbalance between imports and exports.<\/p>\n<h3><b>Year-to-Date Trade Gap Widens<\/b><\/h3>\n<p>The widening deficit for the January\u2013September period was driven by robust growth in the value of incoming goods that outpaced export growth:<\/p>\n<ul>\n<li><b>Total Imports:<\/b> Amounted to \u20ac10.11 billion, marking a 15.3% increase compared to the \u20ac8.77 billion imported in the same period of 2024.<\/li>\n<li><b>Total Exports:<\/b> Reached \u20ac4.23 billion, registering a more moderate 6.2% increase compared to the \u20ac3.98 billion exported in 2024.<\/li>\n<\/ul>\n<p>The deficit figure of \u20ac5,884.2 million reflects the growing cost of goods entering the country relative to sales abroad, according to the Statistical Service of Cyprus.<\/p>\n<h3><b>September Performance: Strong Monthly Growth<\/b><\/h3>\n<p>On a month-to-month basis, September 2025 demonstrated strong increases in trade flows, particularly in exports:<\/p>\n<ul>\n<li><b>Exports Soar:<\/b> Total exports in September 2025 reached \u20ac497.4 million, representing a massive 40.5% increase over the \u20ac354.1 million exported in September 2024. This growth included the transfer of vessels, which accounted for \u20ac108.0 million.<\/li>\n<li><b>Imports Rise:<\/b> Total imports in September 2025 were \u20ac1.21 billion, up 22.5% from \u20ac986.3 million in the same month last year. Notably, imports from non-EU countries saw a major increase, reaching \u20ac595.5 million (up from \u20ac352.7 million in 2024).<\/li>\n<\/ul>\n<h3><b>Domestic Production Drives August Export Boom<\/b><\/h3>\n<p>Final data for August 2025 revealed an exceptional performance in domestically produced goods:<\/p>\n<ul>\n<li><b>Domestic Exports:<\/b> Exports of domestically produced goods (including provisions for ships and aircraft) more than doubled, recording a huge 105.8% increase to reach \u20ac399.1 million in August 2025 compared to \u20ac193.9 million in August 2024.<\/li>\n<li><b>Industrial Goods:<\/b> This surge was led by industrial products, which reached \u20ac392.6 million. In contrast, domestic exports of agricultural products saw a slight decline.<\/li>\n<\/ul>\n<p>Key domestically produced goods driving exports (excluding stores and provisions) between January and August 2025 included:<\/p>\n<ol start=\"1\">\n<li><b>Mineral Fuels and Oils:<\/b> \u20ac1,667.6 million<\/li>\n<li><b>Halloumi Cheese:<\/b> \u20ac262.9 million<\/li>\n<li><b>Pharmaceutical Products:<\/b> \u20ac228.9 million<\/li>\n<\/ol>\n<p><em>Source: Stockwatch.com.cy<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Cyprus&#8217;s trade deficit saw a substantial annual increase during the first nine months of 2025, reaching \u20ac5.88 billion. This figure is significantly higher than the \u20ac4.79 billion deficit recorded during the corresponding period in 2024, highlighting a persistent imbalance between imports and exports. Year-to-Date Trade Gap Widens The widening deficit for the January\u2013September period was [&hellip;]<\/p>","protected":false},"author":9,"featured_media":120243,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/120242"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=120242"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/120242\/revisions"}],"predecessor-version":[{"id":120244,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/120242\/revisions\/120244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/120243"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=120242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=120242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=120242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}