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AUGUST 2018:  Merchandise  Trade  News 

Merchandise trade provisional figures for August 2018 recorded a deficit balance of VT 3,198 million, a deterioration of VT 165 million or 5% compared to August 2017. Total imports stood at VT 3,717 that exceeded the value of total exports at VT 518 million. 

Domestic export earnings (excluding re-exports) for August 2018 stood at VT 373 million, a decrease of 51% or VT 384 million compared to August 2017. This decrease driven mainly by the fall in copra at 94%, followed by coconut oil at 59% and Coconut Meal at 47% in August 2018 over the same period in 2017. 

In August 2018, for the main export commodities; kava contributed the largest share in value at VT 208 million or 56%, followed by coconut oil at 13%, cocoa 7%, copra at 5%, beef and coffee at 2% each, coconut meal at 1% and other products at 14%. Other products comprised mainly of noni juice, tamanu oil, citrus fruits and personal effects.

In Value terms, all coconut products exports declined in August 2018, copra at 94%, coconut oil at 59% and coconut meal at 47% compared to the same period of 2017.

Compared to August 2017, kava exports in value increased by 73% or VT 208 million from VT 120 million in August 2018. Meanwhile, beef exports decreased by 13% in August 2018. Most of the kava was exported to New Caledonia, United States of America, Kiribatti and Fiji. Most of the beef was exported to Japan.


Prior Year Trade News

Trade Archive - Prior Years Trade News