Trade deficit for June quarter hits $204 million

Samoa’s trade deficit for the June 2021 quarter was $204.08 million with imports valued at $222.53 million exceeding $18.45 million in exports.

The deficit was revealed in a Samoa Bureau of Statistics-authored report titled “Merchandise Trade” for the June 2021 quarter.

According to the report, in the June 2021 quarter, merchandise exports stood at $18.45 million, reducing by 4.0 per cent and 31.4 per cent when compared to the previous quarter and the corresponding quarter of 2020 respectively.


This reduction was accounted for by lower exports of fish, beer, coconuts and cocoa in the quarter under review.

The four quarters ending June 2021 showed a 28.0 per cent decrease in the total value of merchandise exports when compared to the four quarters ending June 2020.

For the June 2021 quarter: fish, crustaceans and molluscs exports remained as the top commodity group valued at $3.5 million (accounting for 18.8 per cent of total merchandise exports value) despite reductions of 41.6 per cent and 59.1 per cent when compared to March 2021 quarter and June 2020 quarter respectively.

Furthermore, the Oceania region recorded the largest share of total merchandise exports value with 70.0 per cent despite decreases of 9.8 per cent and 32.8 per cent when compared to March 2021 quarter and June 2020 quarter in that order.

The America region had a total share of 20.4 per cent, increasing by 48.3 per cent when compared to March 2021 quarter and up 3.8 per cent when compared to June 2020 quarter.

However, New Zealand became the leading destination for Samoa’s exports in the June 2021 quarter accounting for 23.3 per cent ($4.3 million) of total merchandise exports value. This was 21.2 per cent higher when compared to the March 2021 quarter but 2.2 per cent lower than the June 2020 quarter.

“In the June 2021 quarter, merchandise imports were valued at $222.53 million,” read the report.

“This value was 1.3 per cent lower when compared to March 2021 quarter but 26.9 per cent higher than that of the June 2020 quarter. 

“Mineral fuels, mineral oils and product remained as the top imported commodity in June 2021 quarter, valued at $26.2 million (11.8 per cent of total merchandise imports value).

“This value was 16.4 per cent lower when compared to March 2021 quarter but 24.5 per cent higher than that of June 2020 quarter.” 

In addition, meat and edible meat offal imports increased 32 per cent (to $22.5 million) from the previous quarter, accounting for 10.1 per cent of total merchandise imports value. It also increased by 51 per cent when compared to June 2020 quarter.

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