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Fiji is renowned as the "Crossroads of the South Pacific", comprising 332 islands with a population of approximately 900,000. Known as the "Pearl of the Pacific", Fiji is strategically located on the southward extension of the "21st Century Maritime Silk Road". It boasts robust economic strength and development among Pacific island nations, with thriving sectors in tourism, fisheries, and forestry, alongside rich mineral deposits such as gold, silver, copper, and bauxite. The sugar industry and tourism serve as the backbone of Fiji's economy.
Import and Export
The sugar industry, a traditional pillar, saw significant growth in 2020, with sucrose production reaching 169,000 tons and exports surging by 38.1% to 154,000 tons. Fishing, another vital industry, capitalized on Fiji's vast exclusive economic zone, yielding rich aquatic resources like tuna and reef fish. Livestock farming, though predominantly poultry, supplemented by cattle, sheep, pigs, and beekeeping, also contributes to the agricultural landscape. Fiji's forestry sector, encompassing rosewood, bamboo, rattan, and coconut, exhibits substantial growth potential. Manufacturing spans textiles, apparel, footwear, tobacco, food, beverages, and furniture, with mineral water processing and garment processing standing out as burgeoning industries.
Fiji's international trade in goods totaled F$5.545 billion in 2020, with imports declining by 37.6% year-on-year to F$3.753 billion and exports decreasing by 19.6% to F$1.792 billion, resulting in a trade deficit of F$1.961 billion. Key trading partners include the United States, Australia, New Zealand, the United Kingdom, and Singapore.
The maritime industry, pivotal for regional transportation, is well-developed, boasting four cargo ports like Suva and Lautoka. Suva Port, the largest, accommodates vessels up to 42,000 tons and handles container traffic alongside warehousing facilities.
Fiji's currency is the Fiji dollar, pegged to a basket of currencies, with the Reserve Bank of Fiji setting daily exchange rates.
Blooming Trade Data offers comprehensive insights into Fiji's importers, exporters, transaction volumes, and prices, leveraging data from key trading partners.
Are you looking to understand market demand in Fiji? Do you have aspirations to expand your business into the Fijian market? Are you interested in pursuing greater collaboration with clients and dependable suppliers based in Fiji?
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