INTERNATIONAL MERCHANDISE TRADE STATISTICS - March 2017

FBoS Release No: 36, 2017
14th August 2017


imtsMar17aProvisional data put the total value of goods imported in March 2017 at $375.9 million while the value of total exports was $151.7 million. (Refer Graph I).

Compared to March 2016, total imports and total exports increased by $32.4 million (9.4%) and $34.9 million (29.9%) respectively.

The March 2017 trade deficit amounted to $224.2 million compared to $231.5 million a month earlier (February).

 

 

 

HIGHLIGHTS

IMPORTS

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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]

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

  • Mineral Products [HS 25-27], up $16.2 million (30.0%) to $70.3 million due to increased imports of gas oil (diesel);
  • Machinery & mechanical & electrical appliances & parts thereof [HS 84-85], up $17.2 million (25.7%) to $84.0 million due to increased imports of other generating sets with spark ignition; and
  • Live animals: animal Products [HS 01-05], up $9.4 million (59.2%) to $25.2 million due to increased imports of fresh fish.


Compared to March 2016, the import categories recording notable decreases were:

  • Vegetable Products [HS 06-14], down $9.0 million (30.8%) to $20.2 million due to decreased imports of wheat and meslin;
  • Textiles & textile articles [HS 50-63], down $9.0 million (39.0%) to $14.0 million due to decreased imports of articles of textiles; and
  • Photographic & optical, medical & surgical goods & clocks/watches & musical instruments [HS 90-92], down $6.0 million (53.8%) to $5.2 million due to decreased imports of other surveying instruments and appliances.

imtsMar17dFor the month of March 2017, Fiji’s major sources of imports (Refer Graph III) were:

  • Singapore, up $23.9 million (49.0%) to $72.6 million due to increased imports of gas oil (diesel);
  • Australia, down $0.9 million (1.2%) to $72.0 million due to decreased imports of wheat and meslin;
  • New Zealand, up $5.3 million (8.2%) to $70.2 million due to increased imports of other meat of sheep;
  • *China - People’s Republic, up $14.4 million (37.2%) to $53.0 million due to increased imports of fresh fish; and
  • Japan, down $6.5 million (31.6%) to $14.2 million due to decreased imports of 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

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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]

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Compared to March 2016, the import category recording a notable increase was:

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], up $19.0 million (87.4%) to $40.8 million due to increased exports of molasses.

Compared to March 2016, the import category recording a notable decrease was:

  • Pearls, precious, semi-precious stones & metals [HS 71], down $6.0 million (76.5%) to $1.9 million due to decreased exports of gold.

imtsMar17gFor the month of March 2017, Fiji’s major domestic export destinations (Refer Graph V) were:

  • United States of America, up $13.6 million (86.4%) to $29.3 million due to increased exports of mineral water;
  • Australia, down $6.7 million (34.0%) to $12.9 million due to decreased exports of unwrought silver plated with gold;
  • New Zealand, up $2.3 million (55.0%) to $6.5 million due to increased exports of dalo (taro);
  • Vanuatu, up $0.2 million (6.2%) to $4.1 million due to increased exports of all biscuits except sweet biscuits; and
  • China – People’s Republic, down $0.2 million (6.5%) to $3.6 million due to decreased exports of fresh fish.

 

 

 

 


RE-EXPORTS

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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]

imtsMar17i

Compared to March 2016, the re-export category recording a notable increase was:

  • Mineral products [HS 25-27], up $14.7 million (91.2%) to $30.7 million due to increased re-exports of aviation turbine fuel.

Compared to March 2016, there were no notable decreases for re-export categories.

imtsMar17jFor the month of March 2017, Fiji’s major re-export destinations (Refer Graph VII) were:

  • New Zealand, up $0.4 million (6.3%) to $6.3 million due to increased re-exports of container for compressed or liquefied gas of iron or steel;
  • China - People’s Republic, up $1.9 million (44.1%) to $6.1 million due to increased re-exports of other frozen fish;
  • Tonga, down $0.1 million (2.9%) to $4.5 million due to decreased re-exports of light oils and preparations;
  • Cook Islands, up $1.5 million (70.8%) to $3.5 million due to increased re-exports of gas oil (diesel); and
  • Kiribati, down $2.7 million (43.6%) to $3.5 million due to decreased re-exports of gas oil (diesel).

 

 

 

 

 

 

 

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

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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 2017 will be released in July 2017.