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MARCH 2017:  Merchandise  Trade  News 

Fig 1


Merchandise trade provisional figures for March 2017 recorded a deficit balance of VT 2,747 million, a deterioration of VT 649 million or (19%) compared to March 2016. This trade deficit balance was due to the value of total imports VT3,066 million, exceeded that of total exports at VT319 million.

Domestic export earnings (excluding re-exports) for March 2017 stood at VT319 million, a fall of 27% or VT 119 million over March 2016.


In March 2017, for the main export commodities; kava constituted the largest share in value at VT152 million or 48%, followed by sawn timber at 16%, beef at 13%, coconut oil at 8%, live fish at 3%, cocoa at 2%, while, the rest of the commodities recorded less than 1% and other products at 10%. Other products comprised mainly of base metals and articles, animal products and wood, cork and articles thereof.


According to coconut product exports in value, It recorded decreases for coconut oil at VT 25 million or 49%, followed by coconut meal at VT 7 million or 85% compared to March 2016.


Compared to March 2016, kava exports in value increased by 13% or VT 17 million from VT 134 million to VT 152 million in March 2017. Meanwhile, beef exports increased by VT 33 million in March 2017. Most of the beef was mainly exported to Japan, Papua New Guinea and the Solomon Islands.


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