December 2019 HIGHLIGHTS:INTERNATIONAL MERCHANDISE TRADE STATISTICS
Merchandise trade provisional figures for December 2019 increased deficit balance of VT 3,873 million on increased value of imports VT 4,454 million and lower exports that of VT 581 million vatu. Domestic export earnings (excluding re-exports) decreased 33% in December 2019 over December 2018. Export decreases were attributed mainly by kava, sawn timber and coffee.
The main shares of domestic products total value in December 2019 were: Kava at 53%, followed by copra at 15%, coconut oil at 8%, cocoa at 6%, fish at 5%, beef at 2% and coconut meal at 1% while other products accounts for 10%. Other products consisted of animal products, vegetable products (citrus fruits), prepared foodstuffs and base metals and articles thereof (waste and scrap of cast iron and steel)
Coconut product exports totalled to VT 115 million in December 2019, reflecting an increase of VT 89 million vatu over December 2018. The main contributors to this increase were exports of copra and coconut oil.
Kava exports in December 2019 was VT 260 million vatu, decreased by 36% or VT 144 million in value over December 2018. However, beef exports increased at 58% or VT 4 million. The country destinations for kava exports were: New Caledonia, Fiji and kiribati, followed closely by United States of America, while Japan remains the main destination for beef exports.
In terms of share of commodity groups to total imports receipts, machines and transport represented the largest value (C.I.F) of VT 1,049 million or 24% of the total imports for home consumption in December 2019, followed by miscellaneous manufactured goods at 21%, food and live animals at 20%, mineral fuels at 12%, basic manufactured products at 10%, chemical products at 5%, beverages and tobacco at 4%, goods not classified elsewhere and crude materials except fuels at 2% each respectively.