Data from the US Department of Commerce shows that in 2015, the value of Fiji’s exports to the US totaled US$202.4 million, a 10 percent increase on an annual basis from a total value of US$183.7 million in the previous year. Growth in exports of bottled water and tuna were primarily responsible for the increases, and among other categories slight increases were noted in sugar & molasses, taro, and ginger. The growth in these categories offset smaller declines in categories like body care & spa products. The top export commodities to the US continue to be bottled water and tuna, followed by mahogany, sugar & molasses, and ginger.
Imports of American goods into Fiji fell last year to US$57.4 million, a 28 percent decrease on an annual basis from a total of $79.5 million in 2014. The major reasons for the drop included a decline in low-value mixed shipments and electrical generator imports. The top imports into Fiji of U.S. origin included aircraft & parts, soybean flour, computers, plastics, and telephone electrical equipment.
Fiji’s trade surplus with the US also increased to around US$145.0 million in 2015 from US$104.2 million in the previous year. It is also important to note that as of June 29th, 2015, the Generalized System of Preferences (GSP), a program providing duty-free imports of select Fijian products, has been renewed through December 31st, 2017. GSP officially went into effect on July 29th, 2015, and is expected to boost the total value of Fijian exports to the U.S. in 2016 and the years to come.
According to Statistics Canada and Industry Canada, exports from Fiji to Canada amounted to US$4.8 million in 2015, representing a slight increase of 2 percent on an annual basis from US$4.7 million in 2014. The increase was a result of modest growth in exports of bottled water, prepared foodstuffs, and garments. In 2015, bottled water, prepared foodstuffs, wood & lumber (including mahogany), and root crops represented the largest categories of exports from Fiji to Canada.
Imports from Canada into Fiji for the same period amounted to US$19.5 million. This represented a considerable increase of 282 percent on an annual basis from US$5.1 million in 2014. This large increase is almost entirely due to an increase in imports of aircraft and aircraft parts. Other leading Canadian imports into Fiji in 2015 included machinery & mechanical appliances, fish & crustaceans, jewelry, and artwork/antiques.
Fiji’s trade deficit with Canada stood at US$14.7 million in 2015, compared with US$459,000 recorded in 2014.