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.
Just to make things difficult, these are reported in different ways. However, with a bit of digging, we can find two primary sources for the increase in exports in 2015.
A single aircraft
On the re-export side, the increase looks like it is down to the sale of an aircraft.
Total exports of aircraft rose to €162.6m from just €1.9m in 2014. If this had been a domestically produced export, it would have turned up in exports of manufactured goods.
However, as we know, Cyprus does not produce aeroplanes, so, not surpri-singly there is no such category in domestic exports.
Digging a bit further, we can see that the sale must have been made to Ireland, where the sale of an aircraft is recorded for €161m.
Cystat says “aircraft and ships whose economic ownership has been transferred from a person established in Cyprus to a person established in another Member State are included in the statistics on dispatches” (that is, exports to other EU member states).