International Merchandise Trade

FBoS Release No: 31, 2018
07th May 2018


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Provisional data put the total value of goods imported in February 2018 at $386.6 million while the value of total exports was $161.0 million. (Refer Graph I).

Compared to February 2017, total imports and total exports increased by $33.7 million (9.5%) and $40.2 million (33.3%) respectively.

The February 2018 trade deficit amounted to $225.6 million compared to $312.4 million a month earlier (January).

 

 

 

HIGHLIGHTS

IMPORTS

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The percentage breakdown of major import commodities as categorized by the Harmonized System (HS) codes are as follows;

Table 1: Major contributors to Imports FJD [Millions]

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Compared to February 2017, the import category recording notable increases were:

  • Vehicles, aircraft & associated transport equipment [HS 86-89], up $32.4 million (93.7%) to $66.9 million due to increased imports of aircraft and motor vehicles for the transport of goods;
  • Machinery & mechanical & electrical appliances & parts thereof [HS 84-85], up $18.1 million (30.8%) to $76.8 million due to increased imports of other parts suitable for electrical apparatus for switching or protecting electrical circuits;
  • Base metals & articles thereof [HS 72-83], up $9.2 million (39.9%) to $32.4 million due to increased imports of articles of iron and steel; and
  • Plastic, rubber & articles thereof [HS 39-40], up $7.6 million (42.1%) to $25.8 million due to increased imports of articles of plastic for the packing of goods.

 

Compared to February 2017, the import categories recording notable decreases were:

  • Mineral products [HS 25-27], down $16.0 million (22.4%) to $55.5 million due to decreased imports of aviation or turbine fuel;
  • Vegetable products [HS 06-14], down $14.3 million (52.6%) to $12.9 million due to decreased imports of wheat and meslin; and
  • Work of art, collectors’, pieces and antiques [HS 97], down $13.7 million (99.8%) to $0.02 million due to decreased imports of collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, paleontological, ethnographic or numismatic interest.

 

 

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For the month of February 2018, Fiji’s major sources of imports (Refer Graph III) were:

  • China - People’s Republic, up $26.1 million (58.2%) to $71.0 million due to increased imports of other pumps;
  • Australia, up $2.0 million (3.1%) to $64.5 million due to increased imports of tugs and pusher craft;
  • Singapore, down $13.8 million (19.0%) to $58.5 million due to decreased imports of gas oil (diesel);
  • New Zealand, down $9.7 million (14.8%) to $56.1 million due to decreased imports of telephone for cellular networks or for other wireless networks; and
  • Japan, up $7.5 million (47.8%) to $23.1 million due to increased import of new passenger motor cars and racing cars.

 

 

 

DOMESTIC EXPORTS

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The percentage breakdown of major domestic export types as categorized by the Harmonized System (HS) codes are as follows;

Table 2: Major contributors to Domestic Exports FJD [Millions]

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Compared to February 2017, the domestic export category recording a notable increase was:

  • Wood, cork & articles thereof & plaiting material [HS 44-46], up $23.7 million (2,028.3%) to $24.9 million due to increased domestic exports of woodchips.

Compared to February 2017, the domestic export category recording a notable decrease was:

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], down $5.8 million (18.2%) to $25.9 million due to decreased domestic exports of mineral water.

 

 

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For the month of February 2018, Fiji’s major domestic export destinations (Refer Graph V) were:

  • Japan, up $24.8 million (6,191.8%) to $25.2 million due to increased exports of woodchips;
  • United States of America, down $3.3 million (12.5%) to $22.8 million due to decreased exports of mineral water;
  • *Australia, up $4.3 million (27.2%) to $20.3 million due to increased exports of gold;
  • Kiribati, up $3.2 million (177.0%) to $4.9 million due to increased exports of flour; and
  • New Zealand, up $0.3 million (5.9%) to $4.6 million due to increased exports of dalo (taro).

 

 

*Domestic export of gold is under query.

RE-EXPORTS

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The percentage breakdowns of major re-export types as categories by the Harmonized System (HS) codes are as follows;

Table 3: Major contributors to Re-exports FJD [Millions]

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Compared to February 2017, the re-export category recording a notable increase was:

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], up $10.4 million (1,278.1%) to $11.2 million due to increased re-exports of cigarettes containing tobacco.

Compared to February 2017, there were no notable decreases for re-export category.

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For the month February 2018, Fiji’s major re-export destinations (Refer Graph VII) were:

  • New Zealand, up $2.5 million (75.6%) to $5.8 million due to increased re-exports of container for compressed or liquefied gas, of iron or steel;
  • New Caledonia, up $5.5 million (68,375.0%) to $5.5 million due to increased re-exports of cigarettes containing tobacco;
  • French Polynesia, up $4.6 million (2,735.3%) to $4.7 million due to increased re-exports of cigarettes containing tobacco;
  • Tonga, down $0.4 million (9.6%) to $4.0 million due to decreased re-exports of gas oil (diesel); and
  • China - People’s Republic, down $0.3 million (7.0%) to $3.4 million due to decreased re-exports of fresh fish.

 

 

 

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For further enquiries please contact Mrs. Veenita Miller on email or telephone 331 5822 (ext. 386 235) or direct line 323 0835.

The International Merchandise Trade Statistics for March 2018 will be released in May 2018.