Overview In 2019 Fiji was the number 150 economy in the world in terms of GDP (current US$), the number 157 in total exports, the number 152 in total imports, the number 96 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Fiji are Water ($168M), Refined Petroleum ($82.9M), Non-fillet Frozen Fish ($81.4M), Raw Sugar ($59.7M), and Gold ($50.7M), exporting mostly to United States ($301M), Australia ($144M), New Zealand ($76.7M), Japan ($61.7M), and Tonga ($58.9M).

Imports The top imports of Fiji are Refined Petroleum ($612M), Planes, Helicopters, and/or Spacecraft ($310M), Cars ($57.2M), Wheat ($49.1M), and Broadcasting Equipment ($43M), importing mostly from Singapore ($502M), China ($369M), Australia ($369M), New Zealand ($318M), and France ($309M).

Location Fiji borders New Zealand, Tonga, Tuvalu, Vanuatu, New Caledonia, and Wallis and Futuna by sea.

Historical Data

#permalink to section

Yearly Exports

#permalink to section
Value
Compare to
Depth

Top Export (2019): Water, $168M

Top Destination (2019): United States, $301M

In 2019, Fiji exported a total of $1.04B, making it the number 157 exporter in the world. During the last five reported years the exports of Fiji have changed by -$234M from $1.28B in 2014 to $1.04B in 2019.

The most recent exports are led by Water ($168M), Refined Petroleum ($82.9M), Non-fillet Frozen Fish ($81.4M), Raw Sugar ($59.7M), and Gold ($50.7M). The most common destination for the exports of Fiji are United States ($301M), Australia ($144M), New Zealand ($76.7M), Japan ($61.7M), and Tonga ($58.9M).

Explore Visualizations

Yearly Imports

#permalink to section
Value
Compare to
Depth

Top Import (2019): Refined Petroleum, $612M

Top Origin (2019): Singapore, $502M

In 2019 Fiji imported $2.82B, making it the number 152 trade destination in the world. During the last five reported years the imports of Fiji changed by -$481M from $3.3B in 2014 to $2.82B in 2019.

The most recent imports of Fiji are led by Refined Petroleum ($612M), Planes, Helicopters, and/or Spacecraft ($310M), Cars ($57.2M), Wheat ($49.1M), and Broadcasting Equipment ($43M). The most common import partners for Fiji are Singapore ($502M), China ($369M), Australia ($369M), New Zealand ($318M), and France ($309M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Fiji Exports Services (2019): $1.6B

Fiji Imports Services (2019): $789M

In 2019, Fiji exported $1.6B worth of services. The top services exported by Fiji in 2019 were Personal travel ($900M), Transportation ($483M), Government services, n.i.e. ($102M), Business travel ($61.6M), and Computer and information services ($23.1M).

The top services imported by Fiji in 2019 were Transportation ($397M), Personal travel ($156M), Other business services ($93.2M), Insurance services ($53.4M), and Computer and information services ($35.3M).

Tariffs by Product

#permalink to section

The top product import tariffs by their MFN Ad Valorem value for Fiji are Acids: carboxylic acids, with additional oxygen function (not alcohol, phenol, aldehyde or ketone) and their anhydrides, halides, peroxides and peroxyacids: 2,4,5-T (ISO) (2,4,5-trichlorophenoxyacetic acid), its salts and esters (32%) and Acids: carboxylic acids, with additional oxygen function (not alcohol, phenol, aldehyde or ketone) and their anhydrides, halides, peroxides and peroxyacids: their halogenated, sulphonated, nitrated or nitrosated derivatives: other than 2,4,5-T (ISO) (32%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Fiji are:
136: Most Favoured Nation duty rate treatement
314: Preferential tariff for The Melanesian Spearhead Group (MSG)
316: Preferential tariff for The Pacific Island Countries Trade Agreement countries (PICTA)

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Fiji has a high level of specialization in Water (716), Sugar Preserved Foods (171), Molasses (170), Antiques (108), and Iron Gas Containers (80.4). Specialization is measured using RCA, an index that takes the ratio between Fiji observed and expected exports in each product.

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Fiji according to the product complexity index (PCI) are Electric filament, discharge lamps (1.02), Hand tools nes, anvils, clamps, vices, blow lamps etc (1), Parts for radio, tv transmission, receive equipment (0.92), Machinery parts, without electric features, nes (0.9), and Titanium oxides (0.86). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Fiji according to the relatedness index, are Crustaceans (0.22), Tropical Fruits (0.22), Bananas (0.21), Coconuts, Brazil Nuts, and Cashews (0.21), and Packing Bags (0.21). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Fiji is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of Fiji. These are products that tend to be co-exported with the products that Fiji exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.