In November 2025, Cyprus experienced a significant reduction in its trade deficit, which decreased to EUR 631.3 million from EUR 778.5 million in November 2024, according to preliminary estimates. This represents the smallest trade disparity since August. A considerable factor in this contraction was a 6.3% year-on-year increase in exports, totaling EUR 407.1 million. This growth was primarily driven by a robust 28.16% increase in shipments to EU countries and a slight uptick of 0.27% to non-EU markets. Among the total exports were transfers of economic ownership of vessels, valued at EUR 42.6 million, which was a decline from EUR 55.5 million the previous November. Simultaneously, imports declined by 10.6% year-on-year to EUR 1,038.4 million, with decreases in purchases from EU countries (down 9.4%) and non-EU countries (down 12.15%). Imports also featured vessel ownership transfers worth EUR 100 million, reduced from EUR 138.7 million the prior year. Over the first eleven months of 2025, Cyprus' trade deficit expanded to EUR 7,284.3 million from EUR 6,385.1 million during the corresponding period in 2024.