SUVA, Fiji (Fijilive, Mar. 5) – Fiji’s trade performance continues to be dismal, the Reserve Bank of Fiji says.
In the February Economic Review out last week, the RBF says the latest accrual trade data showed that cumulative to November 2006, export earnings fell by around 0.7 percent, compared to a 0.1 percent fall in the corresponding period to 2005.
"The fall in export earnings is even more pronounced at 3.0 percent without the re-export of mineral fuels."
The RBF says the export earnings from most of the traditional sectors have fallen over the review period.
This included earnings from garments, sugar, gold, molasses, timber footwear and headgear, textiles and coconut oil
"These are the more significant sectors and hence the decreases in these areas more than offset the higher inflows from re-exports, mineral water, fish, fruits and vegetables, ‘yaqona’ [kava] and others," it states.
The RBF says higher imports continue to pose risks...