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Latest Trade News

JUNE 2018:  Merchandise  Trade  News 


Fig 1

 

Merchandise trade provisional figures for June 2018 recorded a deficit balance of VT 1,913 million, an improvement of VT 714 million or 27% compared to June 2017. This improvement was due to a decrease in imports even though, the value of total exports at VT 662 million did not offset the total imports at VT 2,575 million.

Domestic export earnings (excluding re-exports) for June 2018 stood at VT 354 million, a fall of 26% or VT 122 million over June 2017. The leading contributors to this decrease are copra, coconut oil and coconut meal exports.

 

In June 2018, for the main export commodities; kava constituted the largest share in value at VT 133 million or 38%, followed by cocoa at 10%, sawn timber at 7%, coconut oil and copra at 6% each, alcoholic drinks at 5%, beef at 4%, coconut meal at 1%, live cattle at less than 1% and other products at 23%. Other products comprised mainly of scrap metals, cooked pork and personal effects.

 

According to coconut product exports in value, it recorded decreases for copra at 91% and coconut oil and coconut meal at 79% each compared to June 2017.

 


Compared to June 2017, kava exports in value increased by VT 103 million from VT 30 million to VT 133 million in June 2018. Meanwhile, beef exports remains the same in June 2018. Most of the kava was exported to New Caledonia, Fiji and the United States of America. Most of the beef was
exported to Papua New Guinea and Japan.

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