Fiji imports more than it exports

With the strengthening of globalization, more countries are participating in international trade to reap good value and benefits from this. Importation and exportation of goods and services have been on the rise, while countries and continents continue to exchange what they have with what they don’t have. Same thing in Fiji, there are sectors, which are not yet developed, so they have to import this from their neighboring countries.

Just like in most developing countries, international trade has posed some significant problems with the economy, and so is Fiji. Fiji imports more than it exports giving a negative value in the trade numbers of the country. It is also affecting the different sectors of their economy. Why? Because Fiji imports more products and consumer goods from other countries, as it cheaper to do so than produce it th

mselves; but their exports are not improving. This is creating a problem in the local economy, for example: if Fiji imports continuously from China and other countries for crops, vegetables, and other agricultural produce, then the Fijian farmers won’t bother with their agricultural lands and goods anymore; when in fact, if they are assisted and trained on how to improve and cope with the technology and enhancement in agriculture, those products would even be bought at a much lower price than the already cheap imported goods. If one really looks at this trade scenario, it would be advantageous for Fiji if it imports these consumer goods for the meantime while it focuses on how to improve and better the agricultural systems and lands, so that once the development will be accomplished successfully, it can already yield a good harvest for the local economy, and by that time, Fiji imports from ot

her countries would decline thus strengthening their trade surplus.

Like other countries, Fiji can never let go of its importation because there are always products that can be better made and produced in other countries, that even if Fiji will try its efforts on developing and enhancing their own systems, it will still be cheaper to purchase that good somewhere else. And vice versa, there are countries that will have to depend on Fiji exports to sustain them because those countries could not make those goods inexpensively. This is where the balance and benefit of trade truly happens, when those trading countries will get a good product at a good price.

Fiji will recover the trade deficits only when Fiji imports products and services that they cannot really make cheaply, and exports products and services that they have a competitive advantage with compared to other countries.

Related Videos

Another Level Car Show 2014 • Top Tier Imports
Our coverage from the Another Level Car Show in Schaumburg, Illinois.
10 of the CRAZIEST Imports You’ll EVER See!
Top 10 Best Imports! is our ranking collection of some of the most incredible import machine’s we’ve EVER ran across! From World Record holding cars to some …
2018 PBA Governor’s Cup Imports | Complete Official List
Subscribe, Parekoy for more videos like this. • Pinas Basketball • A sports-related page founded by W Gameplay PH. – Trades, updates, results, schedules …
Import Cars You Can Finally Buy In The USA 2018 | The Bestest
America has a law that keeps you from importing cars from other countries that are less than 25 years old. This includes such cars as the Subaru WRX, Audi S2 …
Colorado STREET RACING! – Imports vs Domestics
600HP~ all the way up to almost 2000HP! DSM’s, Foxbody’s, F-body’s, BLOWN Camaro’s! They brought it ALL out for ONE night, ONE pot, and ONE Winner!