Latest Trade News

DECEMBER 2018:  Merchandise  Trade  News 

Merchandise trade provisional figures for December 2018 recorded a deficit balance of VT 2,902 million, showing a deterioration of VT 737 million or 34% compared to December 2017.
Domestic export earnings (excluding re-exports) for December 2018 stood at VT 741 million, showing a decrease of 12% or VT 99 million over December 2017.

Fig 1

In December 2018, for the main export commodities; kava constituted the largest share in value at VT 404 million or 54%, followed by alcoholic drinks at 6%, sawn timber at 4%, coconut oil at 3%,copra and beef at 1% each, cocoa and coffee at less than 1% each and other products at 31%. Other products consisted of prepared food stuffs and beverages (noni fruit juice), chemical and allied products (tamanu oil) and personal effects.

Coconut products exports in total value amounted to VT 26 million in December 2018 compared to VT 134 million over December 2017, showing a decrease of 80% or VT 107 million. The decrease was due to fall in coconut meal exports at 100%, copra at 93% and coconut oil at 68% over December 2017.

Compared to December 2017, Kava exports in value increased by 59% or 149 million from VT 255 million to VT 404 million in December 2018. Beef exports in value declined in December 2018 by 64% or 13 million over December 2017. Most of the kava was mainly exported to Kiribati, Fiji and New Caledonia, while beef was mainly exported to Japan in the month of December 2018.

Fig 3

In terms of share of commodity groups to total imports receipts,mineral fuels represented the largest value (C.I.F) of VT 1,016 million or 27% of the total imports for home consumption in December 2018, followed by food and live animals at 24%, machines and transport equipment at 22%, basic manufactured goods at 9%, miscellaneous manufactured goods at 8%, chemical products at 5%, beverages and tobacco and goods not classified elsewhere at 2% each, crude materials except fuel at 1% and oils,fats and waxes at less than 1 % .


Prior Year Trade News

Trade Archive - Prior Years Trade News