Flag Fiji

Product Exports (2018): $951M, Rank 153 of 222

Exports Per Capita (2018): $1.08k, Rank 188 of 219

Product Imports (2018): $2.88B, Rank 149 of 221

Imports Per Capita (2018): $3.26k, Rank 181 of 219

Service Exports (2018): $1.65B, Rank 60 of 88

Service Imports (2018): $728M, Rank 71 of 88

GDP (2018): $5.54B, CURRENT US$
Rank 151 of 196

GDP growth (2008 - 2018): 57.2%, CURRENT US$
Rank 71 of 196

GDP PC (2018): $6,267, CURRENT US$
Rank 100 of 196

GDP PC GROWTH (2008 - 2018): 50.4%, CURRENT US$
Rank 43 of 196

Overview: In 2018 Fiji was the number 151 economy in the world in terms of GDP (current US$), the number 153 in total exports, and the number 149 in total imports. In 2018, Fiji exported $951M and imported $2.88B, resulting in a negative trade balance of -$1.93B. In 2018, Fiji's exports per capita were $1.08k and its imports per capita were $3.26k.

Trade: The top exports of Fiji are Water ($162M), Non-fillet Frozen Fish ($83.9M), Gold ($54.7M), Processed Fish ($49.3M), and Fuel Wood ($47.6M). The top imports of Fiji are Refined Petroleum ($612M), Cars ($84.4M), Planes, Helicopters, and/or Spacecraft ($74.9M), Delivery Trucks ($68.3M), and Broadcasting Equipment ($53M).

Destinations: Fiji exports mostly to United States ($243M), Australia ($155M), Japan ($64.3M), China ($61.7M), and New Zealand ($60.1M), and imports mostly from Singapore ($562M), China ($466M), Australia ($399M), New Zealand ($371M), and South Korea ($190M).

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

Product Exports

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Top Export (2018): Water, $162M

Top Destination (2018): United States, $243M

In 2018 Fiji exported a total of $951M, making it the number 153 exporter in the world. During the last five reported years the exports of Fiji have changed by -$76.2M from $1.03B in 2013 to $951M in 2018.

The most recent exports are led by Water ($162M), Non-fillet Frozen Fish ($83.9M), Gold ($54.7M), Processed Fish ($49.3M), and Fuel Wood ($47.6M). The most common destination for the exports of Fiji are United States ($243M), Australia ($155M), Japan ($64.3M), China ($61.7M), and New Zealand ($60.1M).

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Product Imports

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Top Import (2018): Refined Petroleum, $612M

Top Origin (2018): Singapore, $562M

In 2018 Fiji imported $2.88B, making it the number 149 trade destination in the world. During the last five reported years the imports of Fiji changed by $10.5M from $2.87B in 2013 to $2.88B in 2018.

The most recent imports of Fiji are led by Refined Petroleum ($612M), Cars ($84.4M), Planes, Helicopters, and/or Spacecraft ($74.9M), Delivery Trucks ($68.3M), and Broadcasting Equipment ($53M). The most common import partners for Fiji are Singapore ($562M), China ($466M), Australia ($399M), New Zealand ($371M), and South Korea ($190M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Fiji Exports Services (2018): $1.65B

Fiji Imports Services (2018): $728M

In 2018, Fiji exported $1.65B worth of services. The top services exported by Fiji in 2018 were Personal travel ($907M), Transportation ($498M), Government services, n.i.e. ($118M), Business travel ($62.3M), and Computer and information services ($29.8M).

The top services imported by Fiji in 2018 were Transportation ($386M), Personal travel ($141M), Other business services ($68M), Insurance services ($50M), and Computer and information services ($35.5M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Fiji. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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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.

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*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

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Most Specialized Products by RCA Index

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Fiji has a high level of specialization in Water (747), Sugar Preserved Foods (192), Molasses (185), Fuel Wood (90.7), and Perfume Plants (80.7). 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

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The highest complexity exports of Fiji according to the product complexity index (PCI) are Machines for testing mechanical properties of material (1.63), Steam turbines and other vapour turbines (1.36), Titanium oxides (1.21), Hand tools nes, anvils, clamps, vices, blow lamps etc (1.08), and Radar, radio navigation and remote control apparatus (0.98). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Fiji according to the relatedness index, are N/A. 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.

Diversification Frontier

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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.