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Import bill increases as export drops

Ropate Valemei
Tuesday, September 10, 2013

THE provisional value of goods imported in May this year was $624.6million while the total for exports was $168.3m.

And total imports increased by $320.5m while total exports decreased by $26.3m compared to the previous corresponding month.

According to a recent report on the International Merchandise Trade figures by government statistician Epeli Waqavonovono, trade deficit for May this year amounted to $456.4m compared to $236.5m in April.

Compared to May last year, it was recorded that vehicles, aircraft and associated transport equipment increased from $248.5m to $269.7m because of the import of an aircraft (Airbus).

"Notable increases include machinery, mechanical, electrical appliances at $33.4m to $83m due to increased imports of turbo jets and propeller and other gas turbine.

"Mineral products, chemicals and allied products also increased in imports."

However, he said import decreases were for live animals and animal products, down by $14.3m to $21.4m because of the decrease in imports of fresh fish.

Fiji's major sources of imports were France, Singapore, Australia, New Zealand and China for that month.

He said there were no domestic export categories recording notable increases but export decreases were for live animals and animals products.





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