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August 2019 HIGHLIGHTS :

INTERNATIONAL MERCHANDISE TRADE STATISTICS 


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Merchandise trade provisional figures for August 2019 recorded a deficit balance of VT 2,529 million.The total value of imports VT 3,164 million exceeded that of exports VT 635 million. It showed a slight improvement by 21% or VT 669 million compared to August 2018. Domestic export earnings (excluding re-exports) for, August 2019 stood at VT 635 million, showing an increase of 70% or VT 263 million over August 2018.

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In August 2019, for the main export commodities; kava constituted the largest share in value at VT 303 million or 48%,followed by copra at 14%, cocoa at 10%, coconut oil at 7%,sawn timber at 2% and other products at 17%. Other products consisted of vegetable products (noni juice,citrus fruits, tamanu oil), scrap metals, water samples and medicaments.

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Coconut product exports in total value amounted to VT 141 million in August 2019 compared to VT 72 million over August 2018, thus representing an increase of 95% or VT 69 million. The main contributor to the exports of coconut products share for August 2019 is attributed by copra exports.

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Kava exports increased by 45% or VT 94 million from VT 208 million in August 2018 to VT 303 million in August 2019. Beef exports in total value amounted to VT 9 million in August 2019 compared to VT 6 milion in August 2018, showing an increase of 48% or VT 3 million. Most of the kava was mainly exported to Kiribati, United States of America,China, Fiji and New Zealand

In terms of share of commodity groups to total imports receipts, food and live animals represented the largest value (C.I.F) of VT 867 million or 27% of the total imports for home consumption in August 2019, followed by machines and transport equipment at 21%, mineral fuels at 16%, basic manufactured products at 13%, miscellaneous manufactured goods at 10%, chemical products at 7%, beverages and tobacco at 3%, crude materials except fuels at 2%,goods not classified elsewhere at 1% and oils, fats and waxes at less than 1%.

 

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