INTERNATIONAL MERCHANDISE TRADE STATISTICS - November 2014

FBoS Release No: 3, 2015                                                                                  

4th February 2015


 

 

Provisional data put the value of goods imported in November 2014 at $388.5 million while the value of total exports was $221.8 million.  (Refer Graph I).

Compared to November 2013, imports and total exports decreased by $224.8 million (36.7%) and   $11.5 million (4.9%) respectively.

The November 2014 trade deficit amounted to $166.7 million compared to $424.3 million a month earlier.  

tradeNov14a
     

 

HIGHLIGHTS

IMPORTS

tradeNov14b

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

 

Table 1: Major contributors to Imports (FJD Millions)

tradeNov14c

 

 

Compared to November 2013, the import categories recording notable increases were:

 

  • Live animals: animal products [HS 01-05], up $18.5 million (76.9%) to $42.6 million due to increased imports of fresh fish and
  • Base metals & articles thereof [HS 72-83], up $5.8 million (34.9%) to $22.4 million due to increased imports of iron and steel.

 

Compared to November 2013, the import categories recording notable decreases were:

 

  • Vehicles, aircraft & associated transport equipment [HS 86-89], down $249.5 million (84.1%) to $47.1 million due to no imports of aircrafts and
  • Mineral products [HS 25-27], down $7.4 million (7.6%) to $88.9 million due to decreased imports of light oils and preparations

 

Graph II is relevant

 

tradeNov14d

For the month of November 2014, Fiji’s major sources of imports (Refer Graph III) were:

  • Singapore, down $4.4 million (4.7%) to $89.9 million due to decreased imports of light oils and preparations;
  • *China - People’s republic, up $21.1 million (48.6%) to $64.4 million due to increased imports of fresh fish;
  • New Zealand, down $1.6 million (2.7%) to $57.1 million due to decreased imports of milk and cream;
  • Australia, down $5.3 million (10.8%) to $43.8 million due to decreased imports of wheat and meslin and
  •  Malaysia, up $12.5 million (140.9%) to $21.3 million due to increased imports of iron and steel.

 

* Imports of fresh fish from China – People’s Republic refers to fish caught outside Fiji’s EEZ (High seas) by fishing vessels identified according to the country of registration.

 

DOMESTIC EXPORTS

tradeNov14e

 

 

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)

tradeNov14f 

           

Compared to November 2013, there were no notable increases for export categories.

 

Compared to November 2013, the export categories recording notable decreases were:

 

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16–24], down $16.1 million (23.0%) to   $54.0 million due to no exports of molasses and
  • *Pearls, precious, semi-precious stones & metals [HS 71], down $7.3 million (93.5%) to   $0.5 million due to decreased exports of gold. 

 

* Exports of Gold are still under query.

 

tradeNov14g

For the month of November 2014, Fiji’s major domestic export destinations (Refer Graph V) were:

  • United Kingdom, down $16.5 million (38.8%) to $26.0 million due to decreased exports of sugar;
  • United States of America, down $2.7 million (13.7%) to $16.7 million due to decreased exports of kava;
  • Australia, down $8.4 million (37.1%) to $14.2 million due to decreased exports of  gold;
  • Vanuatu, up $0.1 million (8.0%) to $6.3 million due to increased exports of corned meat of bovine animals and
  • New Zealand, up $0.1 million (3.8%) to $5.6 million due to increased exports of garments.

 

 

 

RE-EXPORTS

tradeNov14h

 

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

 

Table 3: Major contributors to Re-exports (FJD Millions)

tradeNov14i

 

 

Compared to November 2013, the re-export category recording a notable increase was:

 

  • Vehicles, aircraft & associated transport equipment [HS 86-89], up $17.4 million (81.0%) to $38.8 million due to increased re-exports of vehicles.

 

Compared to November 2013, the re-export category recording a notable decrease was:

 

  • Mineral products [HS 25-27], down $7.4 million (12.6%) to $51.4 million due to decreased re-exports of gas oil (diesel).

 

tradeNov14j

For the month of November 2014, Fiji’s major re-export destinations (Refer Graph VII) were:

  • China – People’s Republic, up $36.8 million (1,779.7%) to $38.9 million due to increased re-exports of fresh fish;
  • Kiribati, up $4.7 million (100.2%) to $9.4 million due to increased re-exports of gas oil (diesel);
  • Tonga, down $6.2 million (48.7%) to $6.5 million due to decreased re-exports of light oils and preparations;
  • New Zealand, up $0.1 million (4.0%) to $4.7 million due to increased re-exports of television cameras, digital cameras and video camera recorders and
  • Japan, down $0.8 million (16.1%) to $4.2 million due to decreased re-exports of fresh fish.

 

CLICK HERE FOR RELATED TABLES:

 

For further enquiries please contact Mrs. Veenita Miller on email or telephone 3230841. 

 

The International Merchandise Trade Statistics for December and Annual 2014 will be released by 27th February 2015.