International Merchandise Trade

Release No: 38, 2013 

4th June 2013


 

imtMar2013

Provisional data put the value of goods imported in March 2013 at $530.3 million while total exports was $153.3 million (Refer Graph I).

Compared to the previous corresponding month, imports increased by $238.7 million (81.9%) whilst total exports decreased by $13.0 million (7.8%).

The import of an aircraft (airbus) was the major contributor to this increase in total imports.

The March 2013 trade deficit amounted to $376.9 million compared to $144.7 million a month earlier.

 

 

 

HIGHLIGHTS

 

IMPORTS

 

imtMar2013a

 

The percentage breakdown of major import types as categorized by the Harmonized System (HS) codes is as follows:

a) 49.5 % - Vehicles, aircraft, vessels & associated transport equipment;

b) 14.8 % - Mineral products;

c) 7.5 % - Machinery & mechanical & electrical appliances & parts thereof;

d) 5.5 % - Live animals: animal products.

 

Compared to March 2012, the import categories recording notable increases were:

 

 

 

  • Vehicles, aircraft & associated transport equipment [HS 86-89], up $241.7 million (1,170.3%) to $262.4 million due to import of an aircraft (airbus);
  • Base metals & articles thereof [HS 72-83], up $6.4 million (69.2%) to $15.7 million due to increased imports of iron or steel and articles of iron or steel and;
  • Chemicals & allied products [HS 28-38], up $5.3 million (39.9%) to $18.5 million due to increased imports of prepared explosives, safety fuses and electric detonators.

  

Compared to March 2012, the import category recording a notable decrease was:

  

  • Mineral products [HS 25-27], down $26.7 million (25.5%) to $78.3 million due to decreased imports of gas oil (diesel) and aviation turbine fuel. 

Graph II is relevant. 

For the month of March 2013, Fiji’s major sources of imports (Refer Graph III) were: 

imtMar2013b

  • France, up $236.2 million (37,558.3%) to $236.9 million due to import of an aircraft (airbus);
  • Singapore, down $22.4 million (21.6%) to $81.7 million due to decreased imports of gas oil (diesel) and aviation turbine fuel;
  • New Zealand, up $22.6 million (62.8%) to $58.6 million due to increased imports of milk & cream and transmission apparatus;
  • Australia, down $16.1 million (27.3%) to $42.8 million due to decreased imports of wheat & meslin and;
  • China – People’s Republic, down $1.4 million (6.4%) to $20.2 million due to decreased imports of apparatus for transmission or reception of voice, images or other data.

 

 

 

 DOMESTIC EXPORTS

 

imtMar2013c

 

The percentage breakdown of major domestic export type as categorized by the HS codes is as follows: 

  1. a)35.4 % - Prepared foodstuffs, beverages, spirits & tobacco;
  2. b)13.4 % - Pearls, precious, semi-precious stones & metals;
  3. c) 12.4 % - Textiles and textile articles;
  4. d)9.0 % - Wood, cork & articles thereof & plaiting materials;
  5. e)9.0 % - Vegetable products. 

 

Compared to March 2012, the domestic export category recording a notable decrease was: 

  • Prepared foodstuffs, beverages, spirits & tobacco [HS 16-24], down $9.0 million (24.1%) to $28.5 million due to decreased exports of sugar.

 Compared to March 2012, there were no domestic export categories recording notable increases.

 

For the month of March 2013, Fiji’s major domestic export destinations (Refer Graph V) were:

imtMar2013d

  • Australia, down $1.2 million (5.0%) to $23.0 million due to decreased exports of gold;
  • United States of America, down $0.5 million (3.0%) to $15.0 million due to decreased exports of mineral water;
  • New Zealand, up $0.08 million (1.3%) to $6.1 million due to increased exports of garments;
  • Japan, up $2.5 million (80.9%) to $5.5 million due to increased exports of woodchips and;
  • Papua New Guinea, up $2.8 million (188.3%) to $4.3 million due to increased exports of rowing boats, canoes & other vessels for pleasure or sports.

 

 

 

 

RE-EXPORTS

 

Re-exports totaled $73.0 million compared to $81.4 million in the previous corresponding month.  Petroleum products sold to visiting ships, aircrafts and to the neighbouring Pacific Island Countries earned $43.5 million. 

 

 

For further enquiries please contact Mrs. Olivia Koroi on 3315822, Ext 123.

The International Merchandise Trade Statistics for April 2013 will be released on 28th June 2013.