Question

In: Economics

Discuss Fiji's key merchandise exports, imports and trading partners over the last 10 years.

Discuss Fiji's key merchandise exports, imports and trading partners over the last 10 years.

Solutions

Expert Solution

Fiji is the 147th largest export economy in the world.

Fiji is an island and borders New Caledonia, New Zealand, Tonga, Tuvalu, Vanuatu and Wallis and Futuna by sea.

Fiji mainly imports fuel, telecommunications equipment, recreational vehicles, rice, cane sugar, wheat, pharmaceutical products, meat and natural gas. Fiji’s main imports partner is Singapore (accounting for around 57 percent of total imports). Others include New Zealand, United States, Thailand, Japan, China, India, Malaysia and Hong Kong.

Fiji’s exports have been decreasing in recent years due to falling competitiveness. Fiji mainly exports cane sugar, bottled water, fish, wood, gold, bread and manioc. Fiji’s main exports partners are United Kingdom, United States, Singapore, Tonga, Japan, New Zealand, Vanuatu, Western Samoa and the Cook Islands.

In last 10 years, Statistics are given below:

Figures in 000 FJD

Period Domestic Re-exports Total Exports Imports Trade Balance
Annually
2009 936,745 373,514 1,310,259 3,022,159 -1,711,900
2010 1,062,931 542,452 1,605,383 3,464,614 -1,859,231
2011 1,023,676 901,172 1,924,848 3,913,571 -1,988,723
2012 1,038,106 1,143,635 2,181,741 4,030,378 -1,848,937
2013 1,051,743 1,067,983 2,119,726 5,198,924 -3,079,198
2014 1,105,332 1,196,826 2,302,158 5,012,583 -2,710,425
2015 1,150,969 908,253 2,059,222 4,756,824 -2,697,602
2016 1,135,785 814,720 1,950,505 4,839,186 -2,888,681
2017 1,188,724 846,883 2,035,607 4,963,774 -2,928,167
2018 838,754 703,596 1,542,350 4,051,991 -2,509,641

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