INTERNATIONAL MERCHANDISE TRADE STATISTICS - January 2015

FBoS Release No: 38, 2015                                                                                                  

10th July 2015


                                               

 

Provisional data put the value of goods imported in January 2015 at $343.7 million while the value of total exports was $160.2 million.  (Refer Graph I).

Compared to January 2014, imports decreased by $22.9 million (6.2%) while total exports increased by   $35.3 million (28.3%).

The January 2015 trade deficit amounted to $183.5 million compared to $316.4 million a month earlier.

imtsJan15a
 

HIGHLIGHTS  

 

IMPORTS                               

imtsJan15b  

 

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)

imtsJan15c 

 

Compared to January 2014, the import category recording a notable decrease was:  

  • Mineral products [HS 25-27], down $51.6 million (0.4%) to $91.5 million due to decreased imports of gas oil (diesel).  

Compared to January 2014, the import categories recording notable increases were:  

  • Machinery & mechanical & electrical appliances & parts thereof [HS 84-85], up $12.1 million (0.3%) to $55.6 million due to increased imports of generating sets with sparking ignition internal combustion piston engines and 
  • Live animals: animal products [HS 01-05], up $7.9 million (0.3%) to $36.5 million due to increased imports of fresh fish.

 

Graph II is relevant

imtsJan15d

For the month of January 2015, Fiji’s major sources of imports (Refer Graph III) were:

 

  • Singapore, down $35.0 million (29.7%) to $82.9 million due to decreased imports of gas  oil (diesel);
  • *China - People’s republic, up $16.6 million (36.4%) to $62.3 million due to increased imports of fresh fish;
  • Australia, up $8.4 million (23.8%) to $43.8 million due to increased imports of pharmaceutical products;
  • New Zealand, down $1.3 million (3.0%) to $42.0 million due to decreased imports of milk and cream and
  • Korea, Republic of, up $7.2 million (85.1%) to $15.7 million due to increased imports of gas oil (diesel).

* 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

imtsJan15e 

 

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)

imtsJan15f            

 

Compared to January 2014, the domestic export category recording a notable increase was: 

  • Wood, cork & articles thereof & plaiting materials [HS 44–46], up $9.2 million (146.6%) to   $15.5 million due to increased exports of woodchips. 

Compared to January 2014, there were no notable decreases for domestic export categories.

 

imtsJan15g For the month of January 2015, Fiji’s major domestic export destinations (Refer Graph V) were:

 

  • Australia, up $2.7 million (16.9%) to $18.8 million due to increased exports of gold;
  • China - People’s Republic, up $6.4 million (127.4%) to $11.4 million due to increased exports of woodchips;
  • United States of America, up $2.8 million (43.2%) to $9.3 million due to increased exports of  mineral water;
  • Japan, up $5.5 million (6,247.7%) to $5.6 million due to increased exports of woodchips and
  • New Zealand, down $0.5 million (10.9%) to $4.2 million due to decreased exports of dalo.

RE-EXPORTS

imtsJan15h  

 

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)

imtsJan15i 

 

Compared to January 2014, the re-export category recording a notable increase was: 

  • Vehicles, aircraft & associated transport equipment [HS 86-89], up $11.8 million (1,039.9%) to $12.9 million due to the re-export of an aircraft. 

Compared to January 2014 there were no notable decreases for re-export categories.

imtsJan15j

For the month of January 2015, Fiji’s major re-export destinations (Refer Graph VII) were:

 

  • Malaysia, up $9.7 million (33,493.1%) to $9.7 million due to the re-export of an aircraft;
  • Japan, up $5.5 million (155.4%) to $9.0 million due to increased re-exports of fresh fish;
  • Tonga, up $2.1 million (31.4%) to $9.0 million due to increased re-exports of light oils and preparations;
  • Australia, up $3.1 million (100.0%) to $6.1 million due to increased re-exports of containers for compressed  or liquefied gas of iron or steel and
  • China - People’s Republic, up $0.9 million (26.5%) to $4.5 million due to increased re-exports of fresh fish.

For more information on International Merchandise Trade Statistics, click below:

 

CLICK HERE FOR RELATED TABLES

 

For further enquiries please contact Mrs. Veenita Miller on email or telephone 331 5822 (ext. 386 241) or direct line 323 0841. 

 

The International Merchandise Trade Statistics for February 2015 will be released on 31st July 2015.