Fiji
2020 Product Exports | Imports: $597M | $1.45B, 164 of 226 | 166 of 226
2020 Per Capita Product Exports | Imports: $666 | $1.61k, 151 of 219 | 121 of 219
2019 Service Exports | Imports : $1.6B | $789M, 48 of 69 | 62 of 69
Overview In 2020 Fiji was the number 164 economy in the world in terms of total exports and the number 166 in total imports.
Exports The top exports of Fiji are Water ($127M), Processed Fish ($84.8M), Gold ($62.3M), Raw Sugar ($56.5M), and Fuel Wood ($27.3M), exporting mostly to United States ($244M), Australia ($131M), New Zealand ($41.8M), United Kingdom ($30.8M), and Japan ($27M).
Imports The top imports of Fiji are Refined Petroleum ($264M), Wheat ($48.8M), Non-fillet Frozen Fish ($46M), Broadcasting Equipment ($37M), and Cars ($26.8M), importing mostly from China ($321M), New Zealand ($256M), Australia ($210M), Singapore ($190M), and South Korea ($130M).
Location Fiji borders New Zealand, Tonga, Tuvalu, Vanuatu, New Caledonia, and Wallis and Futuna by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Fiji.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionData is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Water, $127M
Top Destination (2020): United States, $321M
In 2020, Fiji exported a total of $597M, making it the number 164 exporter in the world. During the last five reported years the exports of Fiji have changed by -$408M from $1.01B in 2015 to $597M in 2020.
The most recent exports are led by Water ($127M), Processed Fish ($84.8M), Gold ($62.3M), Raw Sugar ($56.5M), and Fuel Wood ($27.3M). The most common destination for the exports of Fiji are United States ($244M), Australia ($131M), New Zealand ($41.8M), United Kingdom ($30.8M), and Japan ($27M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- United Kingdom, $8.97M (+ 41.1%)
- Germany, $6.43M (+ 282%)
- South Korea, $1.55M (+ 17.5%)
Fastest Growing Import Markets (2019 - 2020)
- Turkey, $2.66M (+ 85.6%)
- Czechia, $1.02M (+ 398%)
- Luxembourg, $741k (+ 1.23k%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionFiji 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
#permalink to sectionTariffs by Product
#permalink to sectionThe top product import tariffs by their MFN Ad Valorem value for Fiji are Ethyl alcohol and other spirits, denatured (98.3M%) and Undenatured ethyl alcohol > 80% by volume (43.7M%).
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:
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionFiji has a high level of specialization in Water (955), Molasses (270), Sugar Preserved Foods (268), Processed Fish (126), and Perfume Plants (119). 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 sectionThe highest complexity exports of Fiji according to the product complexity index (PCI) are Tungsten (wolfram) and articles, waste or scrap (1.46), Radar, radio navigation and remote control apparatus (1.25), Pens (writing), mechanical pencils, parts (0.68), Textile fabric treated for theatrical backdrops, etc (0.59), and Printed reading books, brochures, leaflets etc (0.52). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Fiji according to the relatedness index, are Crustaceans (0.16), Bananas (0.15), Tropical Fruits (0.15), Cocoa Beans (0.15), and Packing Bags (0.15). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Fiji is not specialized in.
Product Space
#permalink to sectionThe 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 a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
