INTERNATIONAL MERCHANDISE TRADE STATISTICS - March 2015

FBoS Release No: 44, 2015                                                                                               

14th August 2015


 

                                               

                                                                    

Provisional data put the value of goods imported in March 2015 at $345.4 million while the value of total exports was $148.2 million.  (Refer Graph I).

Compared to March 2014, imports and total exports increased by $2.0 million (0.6%) and $2.7 million (1.9%) respectively.

The March 2015 trade deficit amounted to $197.2 million compared to $198.1 million a month earlier.     

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HIGHLIGHTS

 

IMPORTS                             

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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)

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

 

  • Vehicles, aircraft & associated transport equipment [HS 86-89], up $13.0 million (53.9%) to $37.1 million due to increased imports of vehicles;
  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], up $6.3 million (52.3%) to $18.5 million due to increased imports of wine;
  • Base metals & articles thereof [HS 72-83], up $5.6 million (33.4%) to $22.3 million due to increased imports of iron and steel and
  • Machinery & mechanical & electrical appliances & parts thereof [HS 84-85], up $5.2 million (9.2%) to $61.8 million due to increased imports of mechanical shovels, excavators and shovel loaders.

 

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

  • Mineral products [HS 25-27], down $39.4 million (43.5%) to $51.2 million due to decreased imports of gas oil (diesel).

 

 

Graph II is relevant.

 

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

 

  • New Zealand, up $11.8 million (21.3%) to $66.9 million due to increased imports of potatoes;
  • *China - People’s Republic, up $22.3 million (58.6%) to $60.3 million due to increased imports of fresh fish;
  • Australia, up $7.4 million (14.6%) to $58.2 million due to increased imports of pharmaceutical products;
  • Singapore, down $39.1 million (41.1%) to $55.9 million due to decreased imports of gas oil (diesel) and
  • Japan, up $5.4 million (45.9%) to $17.0 million due to increased imports of vehicles.
 

* 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 

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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 March 2014, the domestic export categories recording notable increases were: 

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], up $8.3 million (41.8%) to $28.1 million due to increased exports of mineral water and
  • Live animals: animal products [HS 01-05], up $6.2 million (205.1%) to $9.2 million due to increased exports of fresh fish.

 

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

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

 

  • United States of America, up $2.1 million (12.1%) to $19.6 million due to increased exports of mineral water;
  • Australia, down $0.2 million (1.1%) to $18.1 million due to decreased exports of gold;
  • China – People’s Republic, up $8.1 million (5,198.7%) to $8.3 million due to exports of  aluminum ores (bauxite);
  • New Zealand, down $1.0 million (18.7%) to $4.3 million due to decreased exports of garments and
  • Hong Kong, up $2.7 million (704.2%) to $3.1 million due to increased exports of aquatic invertebrates other than crustaceans and molluscs.

 

RE-EXPORTS      

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The percentage breakdowns 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)

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Compared to March 2014, there were no notable increases for re-export categories.

 

Compared to March 2014, the re-export category recording a notable decrease was: 

  • Mineral products [HS 25-27], down $7.6 million (14.4%) to $45.5 million due to decreased re-exports of gas oil (diesel).

 

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

  • Kiribati, up $0.6 million (13.5%) to $4.7 million due to increased re-exports of gas oil (diesel);
  • Tonga, up $0.7 million (18.9%) to $4.5 million due to increased re-exports of gas oil (diesel);
  • China – People’s Republic, down $1.3 million (24.0%) to $4.1 million due to decreased re-exports of fresh fish;
  • Australia, up $1.0 million (35.6%) to $3.8 million due to increased re-exports of containers for compressed or liquefied gas of iron or steel and
  • Japan, down $0.7 million (16.5%) to $3.3 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 331 5822 (ext. 386 241) or direct line 323 0841.

 

The International Merchandise Trade Statistics for April 2015 will be released in August 2015.