INTERNATIONAL MERCHANDISE TRADE STATISTICS - August 2015

FBoS Release No:75, 2015
26th November 2015



imtsAug15a
Provisional data put the value of goods imported in August 2015 at $357.7 million while the value of total exports was $198.7 million. (Refer Graph I).

Compared to August 2014, imports and total exports decreased by $76.0 million (17.5%) and $26.6 million (11.8%) respectively.

The August 2015 trade deficit amounted to $159.0 million compared to $282.1 million a month earlier.

 

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)

imtsAug15c

Compared to August 2014, the import category recording a notable increase was:

  • Vehicles, aircraft & associated transport equipment [HS 86-89], up $11.2 million (29.2%) to $49.7 million due to increased imports of vehicles.


Compared to August 2014, the import categories recording notable decreases were:

  • Vegetable products [HS 06-14], down $25.0 million (70.3%) to $10.6 million due to decreased imports of wheat and meslin;
  • Mineral products [HS 25-27], down $15.9 million (12.3%) to $113.6 million due to decreased imports of gas oil (diesel);
  • Live animals: animal products [HS 01-05], down $12.9 million (41.4%) to $18.3 million due to decreased imports of fresh fish;
  • Machinery & mechanical & electrical appliances & parts thereof [HS 84-85], down $8.0 million (12.3%) to $56.7 million due to decreased imports of television cameras, video cameras and video camera recorders;
  • Chemicals and allied products [HS 28-38], down $6.1 million (30.2%) to $14.1 million due to decreased imports of pharmaceutical products and
  • Plastic, rubber & articles thereof [HS 39-40], down $5.2 million (29.0%) to $12.6 million due to decreased imports of articles of plastic for the packing of goods.

Graph II is relevant.

imtsAug15d

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

  • Singapore, down $43.0 million (33.2%) to $86.5 million due to decreased imports of gas oil (diesel);
  • China - People’s Republic, down $7.6 million (14.1%) to $46.2 million due to decreased imports of fresh fish;
  • New Zealand, down $15.9 million (26.2%) to $44.7 million due to decreased imports of milk and cream;
  • Australia, down $42.7 million (53.3%) to $37.4 million due to decreased imports of wheat and meslin and
  • Korea, Republic of, up $20.0 million (201.3%) to $29.9 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

imtsAug15e

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)

imtsAug15f


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

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], up $19.9 million (24.7%) to $100.3 million due to increased exports of sugar and molasses.

Compared to August 2014, the domestic export category recording a notable decrease was:

  • Pearls, precious, semi-precious stones & metals [HS 71], down $6.9 million (97.3%) to $0.2 million due to decreased exports of gold.

imtsAug15g
For the month of August 2015, Fiji’s major domestic export destinations (Refer Graph V) were:

  • United States of America, up $9.6 million (41.9%) to $32.3 million due to increased exports of mineral water;
  • United Kingdom, down $11.2 million (30.2%) to $25.9 million due to decreased exports of sugar;
  • *Australia, down $8.4 million (40.1%) to $12.6 million due to decreased exports of gold;
  • New Zealand, down $0.2 million (4.9%) to $4.2 million due to decreased exports of dalo and
  • Vanuatu, up $1.8 million (89.6%) to $3.8 million due to increased exports of corned meat of bovine animals.

* Domestic export of gold is under query.

 

 

 

RE-EXPORTS

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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)

imtsAug15i

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

Compared to August 2014, the re-export categories recording notable decreases were:

  • Mineral products [HS 25-27], down $17.9 million (32.7%) to $36.9 million due to decreased re-exports of gas oil (diesel);
  • Live animals: animal products [HS 01-05], down $17.4 million (72.9%) to $6.5 million due to decreased re-exports of fresh fish and
  • Machinery & mechanical & electrical appliances & parts thereof [HS 84-85], down $5.1 million (65.5%) to $2.7 million due to decreased re-exports of television cameras, video cameras and video camera recorders.

imtsAug15j
For the month of August 2015, Fiji’s major re-export destinations (Refer Graph VII) were:

  • Tonga, up $1.0 million (18.0%) to $6.2 million due to increased re-exports of light oils and preparations;
  • Kiribati, up $2.0 million (69.5%) to $4.8 million due to increased re-exports of gas oil (diesel);
  • Cook Islands, up $3.5 million (3,129.2%) to $3.6 million due to increased re-exports of gas oil (diesel);
  • China - People’s Republic, down $3.9 million (59.3%) to $2.7 million due to decreased re-exports of fresh fish and
  • Vietnam, up $1.4 million (222.7%) to $2.1 million due to increased re-exports of other fermented beverages.

 

 

 

 

 

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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 September 2015 will be released in December 2015.