INTERNATIONAL MERCHANDISE TRADE STATISTICS - October 2015

FBoS Release No: 86, 2015
22nd December 2015


imtsOct15a

Provisional data put the value of goods imported in October 2015 at $326.4 million while the value of total exports was $145.0 million. (Refer Graph I).

Compared to October 2014, imports and total exports decreased by $150.1 million (31.5%) and $50.1 million (25.7%) respectively.

The October 2015 trade deficit amounted to $181.3 million compared to $202.9 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)

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Compared to October 2014, there were no notable increases for import categories.

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

  • Mineral products [HS 25-27], down $77.9 million (56.0%) to $61.2 million due to decreased imports of gas oil (diesel);
  • Live animals: animal products [HS 01-05], down $22.9 million (58.5%) to $16.2 million due to decreased imports of fresh fish;
  • Vegetable Products [HS 06-14], down $19.9 million (58.0%) to $14.4 million due to decreased imports of wheat and meslin;
  • Plastic, rubber & articles thereof [HS 39-40], down $9.2 million (38.1%) to $14.9 million due to decreased imports of articles of plastic for the packing of the goods and
  • Machinery & mechanical & electrical appliances & parts thereof [HS 84-85], down $6.1 million (9.3%) to $59.6 million due to decreased imports of reception apparatus for radio broadcasting.

Graph II is relevant.

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

  • Singapore, down $93.6 million (62.5%) to $56.2 million due to decreased imports of gas oil (diesel);
  • *China - People’s Republic, down $21.9 million (30.8%) to $49.3 million due to decreased imports of fresh fish;
  • New Zealand, down $14.6 million (22.9%) to $49.3 million due to decreased imports of milk and cream;
  • Australia, down $27.1 million (35.8%) to $48.6 million due to decreased imports of wheat and meslin and
  • Japan, up $5.8 million (46.0%) to $18.3 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 October 2014, the domestic export category recording a notable increase was:

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], up $23.3 million (62.6%) to $60.6 million due to increased exports of mineral water.

Compared to October 2014, the domestic export categories recording notable decreases were:

  • Pearls, precious, semi-precious stones & metals [HS 71], down $7.8 million (99.6%) to $0.03 million due to decreased exports of gold and
  • Wood, cork & articles thereof & plaiting material [HS 44-46], down $6.2 million (51.3%) to $5.9 million due to decreased exports of woodchips.

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

  • United States of America, up $25.0 million (79.1%) to $56.5 million due to increased exports of mineral water;
  • *Australia, down $7.9 million (38.2%) to $12.7 million due to decreased exports of gold;
  • New Zealand, down $1.5 million (23.3%) to $4.8 million due to decreased exports of mahogany;
  • Hong Kong, up $1.4 million (50.8%) to $4.3 million due to increased exports of aquatic invertebrates other than crustaceans and molluscs and
  • Kiribati, up $1.0 million (46.7%) to $3.0 million due to increased exports of kava.

 

 

 

 

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)

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

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

  • Live animals: animal products [HS 01-05], down $23.8 million (83.6%) to $4.7 million due to decreased re-exports of fresh fish;
  • Mineral products [HS 25-27], down $21.9 million (51.3%) to $20.8 million due to decreased re-exports of gas oil (diesel);
  • Vehicles, aircraft & associated transport equipment [HS 86-89], down $8.2 million (75.0%) to $2.7 million due to decreased re-exports of vehicles and
  • Base metals & articles thereof [HS 72-83], down $5.7 million (90.4%) to $0.6 million due to decreased re-exports of iron or steel.

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

  • Tonga, down $1.7 million (24.7%) to $5.1 million due to decreased re-exports of gas oil (diesel);
  • Kiribati, up $0.8 million (35.9%) to $3.2 million due to increased re-exports of gas oil (diesel);
  • New Zealand, up $0.5 million (25.5%) to $2.5 million due to increased re-exports of of graders and levelers;
  • Australia, down $2.1 million (50.2%) to $2.1 million due to decreased re-exports of containers for compressed or liquefied gas of iron or steel and
  • Vietnam, up $0.8 million (56.6%) to $2.1 million due to increased re-exports of ginger beer and herb beer.

 

 

 

 

 

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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 November 2015 will be released in January 2016.