SAMOA EXPORTS UP 9 PERCENT IN 2009

admin's picture

Imports down 22 percent

By Alan Ah Mu APIA, Samoa (Samoa Observer, March 14, 2010) - Exports from Samoa last year were 9 percent higher than in 2008. Also, for the first six months of fiscal year 2009/10, total revenue of WST16.5 million [US$6 million] was 9 percent higher than in the same period of 2008/09, says the Central Bank in its latest release on Foreign Trade and Tourism Earnings.

In the first six months of fiscal year 2009/10, imports were 22 percent lower than in the same period of 2008/09.

[PIR editor’s note: According to the CIA World Factbook, exports from Samoa in 2007 totaled $13.37 million. The products included fish, coconut products, nonu fruit products, automotive components, beer and taro. Export markets included New Zealand, Australia, and the United States, including American Samoa.]

Total imports for the 2009 calendar year at WS$541.7 million [US$212 million] were 18 percent lower than in 2008, the bank says.

"As usual, oil prices continued to fluctuate and the trend has been upwards since the start of 2010, with the latest available crude oil price quoted at USD$78.35 per barrel on 3 March 2010, 5 percent higher than at the end of 2009," the report says.

Visitor numbers in December last year were 6 per cent lower than in the same month of 2008 largely because of withdrawn bookings following the tsunami.

But in 2009 as a whole tourist arrivals were 5 percent higher than in 2008.

In 2009 there 128,804 tourists compared to 122,163 in 2008.

For the first six months of fiscal year 2009/10 tourist arrivals were 3 percent higher than in the same period of 2008/09.

But the Central Bank says spending by tourists dropped 4 percent in that period.

Rate this article: 
No votes yet

Add new comment