Export Unit Value Index (UVI)
The value of this index is largely determined by the price of a barrel of oil. Over the period from the 1st quarter of 2011 to the 4th quarter of 2019, the index grew by an average of less than 1% (0.5%), i.e. at a level close to that of the import price index. The decline in oil between 2014 and 2016 has largely offset the increases recorded before 2014 and after 2016".
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