International Merchandise Trade

FBoS Release No:60, 2017
13th October 2017


imtsJun17aProvisional data put the total value of goods imported in June 2017 at $376.6 million while the value of total exports was $177.1 million. (Refer Graph I).

Compared to June 2016, total imports and total exports decreased by $44.3 million (10.5%) and $3.0 million (1.7%) respectively.

The June 2017 trade deficit amounted to $199.5 million compared to $248.3 million a month earlier (May).

 

 

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 June 2016, the import categories recording notable increases were:

  • Wood pulp, paper & paperboard & articles thereof [HS 47-49], up $13.3 million (123.5%) to $24.0 million due to increased imports of bank and currency notes; and
  • Live animals: animal products [HS 01-05], up $5.3 million (17.9%) to $34.8 million due to increased imports of fresh fish.

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

  • Vehicles, aircraft & associated transport equipment [HS 86-89], down $23.4 million (44.1%) to $29.6 million due to decreased imports of vehicles;
  • Machinery & mechanical & electrical appliances & parts thereof [HS 84-85], down $14.7 million (18.6%) to $64.1 million due to decreased imports of telephones for cellular networks or for other wireless networks;
  • Base metals & articles thereof [HS 72-83], down $8.7 million (29.4%) to $21.0 million due to decreased imports of articles of iron and steel;
  • Mineral products [HS 25-27], down 6.7 million (9.4%) to $64.4 million due to decreased imports of gas oil (diesel);
  • Textiles & textile articles [HS 50-63], down $5.5 million (22.2%) to $19.2 million due to decreased imports of articles of textiles; and
  • Prepared foodstuffs, beverages spirits & tobacco [HS 16-24], down $5.4 million (23.1%) to $17.9 million due to decreased imports of alcohol.

imtsJun17dFor the month of June 2017, Fiji’s major sources of imports (Refer Graph III) were:

  • Australia, up $5.5 million (8.2%) to $73.0 million due to increased imports of wheat and meslin;
  • New Zealand, down $7.6 million (9.9%) to $68.9 million due to decreased imports of telephones for cellular networks or for other wireless networks;
  • * China – People’s Republic, up $4.6 million (7.3%) to $68.4 million due to increased imports of fresh fish;
  • Singapore, down $11.9 million (16.9%) to $58.6 million due to decreased imports of gas oil (diesel); and
  • Korea, Republic of, up $3.9 million (23.0%) to $21.1 million due to increased imports of gas oil (diesel).

 

 

* 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 June 2016, the domestic exports category recording a notable increase was:

  • Pearls, precious, semi-precious stones & metals [HS 71], up $5.2 million (53.1%) to $14.9 million due to increased exports of gold.

Compared to June 2016, there were no notable decreases for domestic export categories.

imtsJun17gFor the month of June 2017, Fiji’s major domestic export destinations (Refer Graph V) were:

  • United States of America, up $2.1 million (7.5%) to $30.4 million due to increased exports of mineral water;
  • * Australia, up $2.0 million (9.1%) to $24.2 million due to increased exports of gold;
  • Vanuatu, down $1.9 million (27.7%) to $5.1 million due to decreased exports of flour;
  • New Zealand, down $0.2 million (4.0%) to $4.7 million due to decreased exports of taro (dalo); and
  • Samoa, down $0.5 million (15.8%) to $2.7 million due to decreased exports of flour.

 

 

 

 


* Domestic export of gold is under query.

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]

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Compared to June 2016, the re-export categories recording notable increases were:

  • Pearls, precious, semi-precious stones & metals [HS 71], up $8.7 million (2,714.7%) to $9.0 million due to increased re-exports of other laid with or incorporating pearls, precious or semi-precious stones; and
  • Live animal: animal products [HS 01-05], up $6.0 million (42.6%) to $20.0 million due to increased re-exports of yellow fin tuna.

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

  • Mineral products [HS 25-27], down $7.8 million (20.8%) to $29.6 million due to decreased re-exports of aviation or turbine fuel.

imtsJun17jFor the month of June 2017, Fiji’s major re-export destinations (Refer Graph VII) were:

  • Australia, up $12.2 million (486.1%) to $14.7 million due to increased re-exports of inlaid with or incorporating pearls, precious or semi-precious stones;
  • Tonga, up $4.4 million (120.7%) to $8.0 million due to increased re-exports of gas oil (diesel);
  • China – People’s Republic, up $1.4 million (29.1%) to $6.2 million due to increased re-exports of yellow fin tuna;
  • Japan, up $3.8 million (210.4%) to $5.7 million due to increased re-exports of fresh fish; and
  • New Zealand, down $1.4 million (22.3%) to $4.9 million due to decreased re-exports of iron and steel.

 

 

 

 

 

 

 

Below presents the main features of Fiji’s International Merchandise Trade Statistics for the Month of June 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 July 2017 will be released in October 2017.