INTERNATIONAL MERCHANDISE TRADE STATISTICS - February 2017

FBoS Release No: 30, 2017
04th July 2017


imtsFeb17aProvisional data put the total value of goods imported in February 2017 at $353.2 million while the value of total exports was $121.7 million. (Refer Graph I).

Compared to February 2016, total imports increased by $75.6 million (27.2%) whereas total exports decreased by $46.3 million (27.6%).

The February 2017 trade deficit amounted to $231.5 million compared to $281.7 million a month earlier (January).

 


HIGHLIGHTS

IMPORTS

imtsFeb17b


The percentage breakdown of major import commodities as categorized by the Harmonized System (HS) codes are as follows;

Table 1: Major contributors to Imports FJD [Millions]

imtsFeb17c

Compared to February 2016, the import categories recording notable increases were:

  • Mineral Products [HS 25-27], up $20.2 million (39.3%) to $71.5 million due to increased imports of gas oil (diesel);
  • Vegetable Products [HS 06-14], up $15.1 million (125.2%) to $27.2 million due to increased imports of wheat and meslin;
  • Works of arts, collectors, pieces and antique [HS 97], up $13.8 million (1,377.1%) to $13.8 million due to increased imports of collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, paleontological, ethnographic or numismatic;
  • Vehicles, aircraft & associated transport equipment [HS 86-89], up $7.9 million (29.8%) to $34.5 million due to increased imports of used or reconditioned passenger motor cars; and
  • Base metals & articles thereof [HS 72-83], up $7.6 million (49.9%) to $22.9 million due to increased imports of iron or steel.

Compared to February 2016, there were no notable decreases for import categories.

imtsFeb17dFor the month of February 2017, Fiji’s major sources of imports (Refer Graph III) were:

  • Singapore, up $26.4 million (57.6%) to $72.3 million due to increased imports of gas oil (diesel);
  • New Zealand, up $12.3 million (23.0%) to $65.8 million due to increased imports of potatoes;
  • Australia, up $13.8 million (28.3%) to $62.4 million due to increased imports of wheat and meslin;
  • *China - People’s Republic, up $2.4 million (5.6%) to $44.7 million due to increased imports of fresh fish; and
  • Japan, up $0.8 million (5.5%) to $15.7 million due to increased imports of used or reconditioned passenger motor cars.

 

 

 

 

* Imports of fresh fish from China – People’s Republic refer to fish caught outside Fiji’s EEZ (High seas) by fishing vessels identified according to the country of registration.

DOMESTIC EXPORTS

imtsFeb17e

The percentage breakdown of major domestic export commodities as categorized by the Harmonized System (HS) codes are as follows;

Table 2: Major contributors to Domestic Exports FJD [Millions]

imtsFeb17f

Compared to February 2016, there were no notable increases for domestic export categories.

Compared to February 2016, the domestic export categories recording notable decreases were:

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], down $15.2 million (32.3%) to $31.9 million due to decreased exports of sugar; and
  • Wood, cork & articles thereof & plaiting material [HS 44-46], down $8.2 million (88.6%) to $1.1 million due to decreased exports of woodchips.


imtsFeb17gFor the month of February 2017, Fiji’s major domestic export destinations (Refer Graph V) were:

  • United States of America, down $0.2 million (0.9%) to $26.0 million due to decreased exports of perfumes;
  • Australia, down $1.9 million (10.8%) to $16.1 million due to decreased exports of unwrought silver plated with gold;
  • New Zealand, down $0.02 million (0.4%) to $4.4 million due to decreased exports of dalo (taro);
  • Vanuatu, down $0.4 million (8.7%) to $4.3 million due to decreased exports of flour; and
  • Samoa, up $1.0 million (54.6%) to $2.8 million due to increased exports of flour.

 

 

 

 

* Domestic export of gold is under query.

RE-EXPORTS

imtsFeb17h

The percentage breakdown of major re-export commodities as categorized by the Harmonized System (HS) codes are as follows;

Table 3: Major contributors to Re-exports FJD [Millions]

imtsFeb17i

Compared to February 2016, there were no notable increases for re-export categories.

Compared to February 2016, the re-export category recording a notable decrease was:

  • Mineral products [HS 25-27], down $12.6 million (32.4%) to $26.4 million due to decreased re-exports of aviation turbine fuel.

imtsFeb17jFor the month of February 2017, Fiji’s major re-export destinations (Refer Graph VII) were:

  • Tonga, up $2.8 million (162.1%) to $4.5 million due to increased re-exports of gas oil (diesel);
  • China - People’s Republic, up $0.1 million (2.8%) to $3.6 million due to increased re-exports of other frozen fish;
  • Kiribati, down $0.4 million (10.7%) to $3.6 million due to decreased re-exports of bituminous or oil shale and tar sands;
  • New Zealand, down $1.4 million (29.5%) to $3.2 million due to decreased re-exports of personal and household effects; and
  • Japan, up $1.4 million (91.6%) to $3.0 million due to increased re-exports of frozen fish.

 

 

 

 

 

 


Below presents the main features of Fiji’s International Merchandise Trade Statistics for the Month of February 2017.

imtsFeb17k

For more information on International Merchandise Trade Statistics refer to the following attached tables:

 

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 March 2017 will be released in June 2017.