Seychelles Records Jump In Re-Export Figures
The Seychelles' latest external trade statistics have indicated a sharp rise
in the amount of re-exports, whilst domestic exports registered a decline
last year. According to the External Trade Statistics Report, the value of re-exports
rose by 73% to R591 million (US$109 million), of which R479 million were re-exports
of petroleum products to ships and aircraft. Meanwhile, the value of domestic exports fell by 12% to a little over R1 billion
last year. The Statistical Bulletin also highlighted a rise of 23% in the value of imports
at R2.74 billion. The net effect of the latest figures is a larger trade deficit, which has risen
sharply over the previous year by 52% to R1.14 billion. .
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