MARCH 2015: Merchandise Trade News
The March 2015 merchandise trade provisional figures recorded a deficit balance of VT1,304 million compared to March 2014 from VT2,034 million, indicating an improvement of 36% or VT730 million. This improvement reflects the decrease in total imports by 17% or VT372 million. However, total exports recorded an increase of VT 358 million over the same period of last year
Domestic exports earnings (excluding re-exports) for March 2015 stood at VT 506 million depicting an increase from VT147 million in March 2014. This increase was driven mainly by coconut oil exports at 64% or VT301 million of the total exports over March 2014.
In March 2015, for the main export commodities, Coconut oil constituted the largest share in value at VT321 million or 64%, followed by copra at 122 million or 24%, coconut meal at 6%, beef 4%, and other products at 2% while live fish recorded less than 1%. Other products comprised mainly of medicaments, tamanu oil and hand tools over March 2014.