Export Price Index, Quarter 4 and Annual 2010 [Base: Quarter 3 2008 = 100]

Release No: 29

Date: 12 May 2011


The Export Price Index [XPI] measures changes in the free on board (FOB) prices of exports of merchandise out of Fiji. It is a fixed weights index with Quarter 3 2008 = 100.0 and is calculated on a quarterly basis using the International Harmonised System of Trade Classification (HS). The items included in the index were selected on the basis of their importance to the total exports.

The index represents 95 per cent of merchandise exports. Those items that are not directly represented are indirectly represented by directly priced exports whose prices are considered to move similarly. Approximately 5 per cent of all merchandise exports is neither directly nor indirectly represented because of the difficulties in pricing the items to a constant quality or the little influence they have in terms of their importance in the total value of exports.

QUARTER 4 2010

The overall XPI for Quarter 4 2010 stands at 113.5, an increase of 1.0 per cent over Quarter 3, 2010 (112.4) and an increase of 4.9 per cent over Quarter 4 2009.

HS Sections changes over the previous quarter are as follows:

HS Section 1: Live Animals; Animal Products: -2.1%
Export prices of fish and coral decreased.

HS Section 2: Vegetable Products: -4.3%
Export prices of cassava, dalo, pawpaw and ginger decreased.

HS Section 3: Animal or Vegetable fats & oils and their cleavage products, prepared edible fats, animal or vegetable waxes: +8.6%
Export prices of coconut oil and soya bean oil increased.

HS Section 4: Prepared foodstuffs, beverages, spirits and vinegar, tobacco and manufactured tobacco substitutes: -0.1%
Export prices of corned meat, molasses and noodles decreased.

HS Section 5: Mineral Products: +1.0%
Export price of mineral fuel increased.

HS Section 6: Products of the Chemical or Allied Industries: +0.2%
Export prices of pharmaceutical products increased.

HS Section 9: Wood and articles of wood, wood charcoal cork and articles of cork, manufacturers of straw, of esparto or of other plaiting materials, basketware and wickerwork: +0.3%
Export price of timber increased.

HS Section 10: Pulp of wood or of other fibrous cellulosic material and scrap paper or paperboard, paper and paperboard and articles thereof: +3.8%
Export price of cartons increased.

HS Section 11: Textiles and Textiles Articles: -5.7%
Export price of garments decreased.

HS Section 12: Footwear, Headgear, Umbrellas, Sun-umbrellas, walking-sticks, seat sticks, whips, riding crops and parts thereof, prepared feathers and articles made therewith artificial flowers, articles of human hair: +0.0%
There were no changes in the export price of footwear.

HS Section 14: Natural or Cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof, imitation jewelry, coin: +12.5%
Export price of gold increased.

HS Section 15: Base metals and articles of base metal: -9.1%
Export prices of articles of iron and steel and lead and articles thereof decreased.

ANNUAL 2010

The Annual XPI for 2010 stands at 111.7, an increase of 7.3 per cent over 2009 (104.1)

HS Section changes of 2010 over 2009 are as follows:

HS Section 1: Live Animals; Animal Products: -2.5%
Export prices of fish and coral decreased.

HS Section 2: Vegetable Products: +6.8%
Export prices of cassava, dalo, ginger and flour increased.

HS Section 3: Animal or Vegetable fats & oils and their cleavage products, prepared edible fats, animal or vegetable waxes: +19.8%
Export prices of coconut oil and soya bean increased.

HS Section 4: Prepared foodstuffs, beverages, spirits and vinegar, tobacco and manufactured tobacco substitutes:+7.6%
Export prices of canned fish, corned meat, molasses and noodles increased.

HS Section 5: Mineral Products: +10.8%
Export prices of cement and mineral fuel increased.

HS Section 6: Products of the Chemical or Allied Industries: +6.0%
Export prices of paints, essential oils and soap increased.

HS Section 9: Wood and articles of wood, wood charcoal cork and articles of cork, manufacturers of straw, of esparto or of other plaiting materials, basketware and wickerwork: -2.9%
Export price of timber decreased.

HS Section 10: Pulp of wood or of other fibrous cellulosic material and scrap paper or paperboard, paper and paperboard and articles thereof: +1.4%
Export price of cartons increased.

HS Section 11: Textiles and Textiles Articles: +5.5%
Export price of garments increased.

HS Section 12: Footwear, Headgear, Umbrellas, Sun-umbrellas, walking-sticks, seat sticks, whips, riding crops and parts thereof, prepared feathers and articles made therewith artificial flowers, articles of human hair: -18.4%
Export price of leather footwear decreased.

HS Section 14: Natural or Cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof, imitation jewelry, coin: +18.2%
Export price of gold increased.

HS Section 15: Base metals and articles of base metal: +20.5%
Export prices of iron and steel, articles of iron and steel and lead and articles thereof increased.

If you want more detailed information on the Export Price Index for Quarter 4 & Annual 2010, please contact the Fiji Bureau of Statistics at: 

P.O.Box 2221
Government Buildings
Suva, FIJI
Tel: (679) 331 5822
Fax: (679) 330 3656


OR

On email:

OR

For further enquiries, please contact Mr. Eroni Cinavilakeba or Mr. Avinesh Mani on 3315 822 ext 123.

XPI for Quarter 1 2011 will be released on 15th July 2011.