VTTV oil terminal impact on exports

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VTTV oil terminal impact on exports
 © In-Cyprus 2018
This week the Statistical Service Cystat published its comprehensive report on foreign trade in goods by commodity and country for 2015. Total exports soared by €293.1m, or by 20.3%, to reach €1.73bn in January-December 2015, compared with €1.44bn in the same period of 2014.

Since Cyprus is a maritime centre, it does a lot of trade in goods that are essentially parked here for a while before they head off elsewhere. Cystat therefore reports both domestically produced exports and total exports (domestic exports and re-exports).

As noted above, total exports rose by €293.1m to €1.73bn in 2015. Within this total, domestically produced exports rose by €93.3m to €822.9m. This means that around €200m of the increase came from re-exports.

To find out which re-exports did so well we need to look at the breakdown. Since Cystat does not give the breakdown for re-exports, we have to look at both the breakdown of total exports and the breakdown of domestically produced exports....


This article was automatically added to our system 3-4-2016

VTTV oil terminal impact on exports


The contents of this article including any associated images are © In-Cyprus 2018
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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