Our Import Statistics and What They Mean
Fiji is heavily dependent on external trade for many of our essential goods, hence we always have to ensure that we have adequate foreign reserves to pay for our import needs.
Fiji mainly imports fuel, recreational vehicles, rice, telecommunications equipment, meat, pharmaceutical products, wheat and natural gas.
Value of goods imported in September 2015 was $375.2 million, a decrease by $196.4 million (34.4 per cent) when compared to September 2014.
Imports over the years have increased as can be seen in graph 1 below and it exceeds our exports resulting in trade deficits.
This means that most of our Fijian dollar is being held by foreign countries.
This is an informative publication, sponsored by The Fiji Sun, Fiji Bureau of Statistics and HFC Bank. All views expressed or implied are purely of the Treasurer at the HFC Bank, Peter Fuata.
