Tuesday, May 5, 2026
26.5 C
Port-Vila
Tuesday, May 5, 2026

Vanuatu Spends VT 2.58 Billion More on Imports Than Exports

New figures from the Vanuatu Bureau of Statistics show that Vanuatu continues to rely heavily on a few major trade partners to support imports, ranging from machinery from China, food from Australia, and fuel from Singapore.

The latest February 2026 trade report shows the country spent VT 2.58 billion more on imports than it earned from exports, highlighting the economy’s continued dependence on overseas goods for everyday needs.

Data from the report shows China remains the largest import partner, accounting for VT 776 million, mostly from machinery and electrical equipment.

Australia followed with VT 425 million, supplying food, drinks, and tobacco products.

Singapore also played a major role, contributing VT 361 million, mainly through fuel and petroleum products.

New Zealand and Thailand also remain among the top countries supplying goods into Vanuatu.

These imports include many essential items families rely on every day, including fuel, rice, and processed foods.

However, this level of dependence also creates pressure during times of global price rises and supply disruptions.

At the same time, the report shows Vanuatu’s exports remain highly dependent on kava, which continues to make up the largest share of export earnings.

The latest figures reinforce the need to expand local production and diversify export products, helping reduce reliance on imports and strengthen the economy in the future.

Bigfala storian

New figures from the Vanuatu Bureau of Statistics show that Vanuatu continues to rely heavily on a few major trade partners to support imports, ranging from machinery from China, food from Australia, and fuel from Singapore.

The latest February 2026 trade report shows the country spent VT 2.58 billion more on imports than it earned from exports, highlighting the economy’s continued dependence on overseas goods for everyday needs.

Data from the report shows China remains the largest import partner, accounting for VT 776 million, mostly from machinery and electrical equipment.

Australia followed with VT 425 million, supplying food, drinks, and tobacco products.

Singapore also played a major role, contributing VT 361 million, mainly through fuel and petroleum products.

New Zealand and Thailand also remain among the top countries supplying goods into Vanuatu.

These imports include many essential items families rely on every day, including fuel, rice, and processed foods.

However, this level of dependence also creates pressure during times of global price rises and supply disruptions.

At the same time, the report shows Vanuatu’s exports remain highly dependent on kava, which continues to make up the largest share of export earnings.

The latest figures reinforce the need to expand local production and diversify export products, helping reduce reliance on imports and strengthen the economy in the future.

- Advertisement -spot_img

Mo atikol

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Letes Nius

- Advertisement -spot_img
  • https://radio.vbtc.vu/radiovanuatu
  • Radio Vanuatu
  • Radio Stations
  • https://radio.vbtc.vu/paradisefm
  • Paradise FM
  • Radio Stations
  • https://radio.vbtc.vu/femmefm
  • Femme Pawa
  • Radio Stations