INTERNATIONAL MERCHANDISE TRADE STATISTICS - March 2016

FBoS Release No: 47, 2016

9th September 2016


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Provisional data put the value of goods imported in March 2016 at $260.6 million while the value of total exports was $84.3 million. (Refer Graph I).

Compared to March 2015, imports and total exports decreased by $84.8 million (24.5%) and $72.7 million (46.3%) respectively.

The March 2016 trade deficit amounted to $176.4 million compared to $84.0 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 March 2015, the import category recording a notable increase was:

  • Vegetable products [HS 06-14], up $11.2 million (76.2%) to $25.9 million due to increased imports of wheat and meslin.

Compared to March 2015, the import categories recording notable decreases were:

  • Live animals: animal products [HS 01-05], down $23.5 million (71.8%) to $9.2 million due to decreased imports of fresh fish;
  • Chemicals and allied products [HS 28-38], down $14.7 million (57.6%) to $10.8 million due to decreased imports of pharmaceutical products;
  • Plastic, rubber & articles thereof [HS 39-40], down $12.4 million (63.3%) to $7.2 million due to decreased imports of articles of plastic for the packing of goods;
  • Base metals & articles thereof [HS 72-83], down $9.6 million (43.5%) to $12.5 million due to decreased imports of iron or steel;
  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], down $8.8 million (47.9%) to $9.6 million due to decreased imports of sugar;
  • Vehicles, aircraft & associated transport equipment [HS 86-89], down $8.7 million (23.4%) to $28.4 million due to decreased imports of vehicles and
  • Wood pulp, paper & paperboard & articles thereof [HS 47-49], down $5.8 million (70.2%) to $2.5 million due to decreased imports of corrugated paper and paperboard.

Graph II is relevant.

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For the month of March 2016, Fiji’s major sources of imports (Refer Graph III) were:

  • Australia, down $3.4 million (5.8%) to $54.9 million due to decreased imports of oil cake and other solid residues;
  • Singapore, down $10.8 million (19.3%) to $45.2 million due to decreased imports of gas oil (diesel);
  • New Zealand, down $25.6 million (38.3%) to $41.3 million due to decreased imports of potatoes;
  • *China - People’s Republic, down $31.3 million (51.8%) to $29.1 million due to decreased imports of fresh fish and
  • United States of America, up $11.0 million (131.2%) to $19.4 million due to increased imports of radio navigational aid apparatus.

 

 

 

 

 

 

* 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 2015, there were no notable increases for domestic export categories.

Compared to March 2015, the domestic export categories recording notable decreases were:

  • Pearls, precious, semi-precious stones & metals [HS 71], down $10.9 million (98.8%) to $0.1 million due to decreased exports of gold and
  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], down $6.4 million (23.0%) to $21.5 million due to decreased exports of mineral water.

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For the month of March 2016, Fiji’s major domestic export destinations (Refer Graph V) were:

  • United States of America, down $5.5 million (26.8%) to $15.0 million due to decreased exports of mineral water;
  • *Australia, down $14.1 million (54.3%) to $11.9 million due to decreased exports of gold;
  • New Zealand, down $0.2 million (3.8%) to $4.1 million due to decreased exports of coconut oil;
  • Vanuatu, up $1.4 million (54.9%) to $3.9 million due to increased exports of uncooked pasta and
  • China - People’s Republic, down $4.5 million (54.0%) to $3.8 million due to decreased exports of aluminum ores (bauxite).

 

 

 

 

 

 

* 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]

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Compared to March 2015, there were no notable increases for re-export categories.

Compared to March 2015, the re-export categories recording notable decreases were:

  • Mineral products [HS 25-27], down $31.2 million (68.5%) to $14.3 million due to decreased re-exports of gas oil (diesel) and
  • Live animals: animal products [HS 01-05], down $12.1 million (80.5%) to $2.9 million due to decreased re-exports of fresh fish.

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For the month of March 2016, Fiji’s major re-export destinations (Refer Graph VII) were:

  • Tonga, down $0.3 million (6.8%) to $4.2 million due to decreased re-exports of other bitumen and asphalt natural bituminous or oil shale and tar sands;
  • Kiribati, down $1.3 million (28.1%) to $3.4 million due to decreased re-exports of gas oil (diesel);
  • Cook Islands, up $0.4 million (21.1%) to $2.0 million due to increased re-exports of aviation turbine fuel;
  • China - People’s Republic, down $3.0 million (74.1%) to $1.1 million due to decreased re-exports of fresh fish and
  • Samoa, down $0.6 million (45.4%) to $0.7 million due to decreased re-exports of other bitumen and asphalt natural bituminous or oil shale and tar sands.

 

 

 

 

 

 

Below presents the main features of Fiji’s International Merchandise Trade Statistics for the Month of March 2016.

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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 April 2016 will be released in August 2016.