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Archive - Archive 2004 - July 2013

External Trade Statistics 2004-Hike in re-exports value as domestic exports drop |23 May 2005

External Trade Statistics 2004-Hike in re-exports value as domestic exports drop

Fueling of an aircraft Sunday May 22 at the Seychelles International Airport.  Petroleum products contributed to the increase in the value of re-exports last year

Out of the total re-exports value for last year, R479 million were re-exports of petroleum products to ships and aircraft.
Other re-exports were valued at R88 million.

The report released in the Statistical Bulletin produced by the Management also highlights a rise of 23% in the value of imports at R2,739 million.

The net effect was a trade deficit valued at R1,138 million or a 52% increase above that of the previous year.

Comparing the major sections of imports for the year 2004 to that of 2003, lower values were recorded for the imports of chemical products and plastics, textiles and textile articles and miscellaneous manufactured articles
During 2004, food and live animals accounted for 27% of imports for a total value of R740 million which was 11% higher than in 2003. These imports also include frozen tuna imported for processing by the tuna cannery. Imports of fish and crustaceans accounted for 53% of imports in this category. Imports of cereals and cereal preparations accounted for 23% and meat and meat preparations 4%.

Imports of mineral fuels were valued at R719 million last year representing an increase of 101% and they also accounted for the second largest chunk of the import bill with 26%.

The third highest imported items are in the category of manufactured goods which accounted for 21% of the import bill last year. This represented an increase of 6% compared to 2003. Of the manufactured goods, 38% were manufactures of metals, 18% were non-metallic mineral manufactures, 4% textile fabrics, 17% articles of apparel and clothing accessories and 24% wood manufactures. The import of manufactures of metals and wood manufactures were respectively 13% and 15% higher than in the previous year. The import of articles of apparel and clothing was 8% lower than in 2003.

Imports of Machinery and Transport accounted for 16% of the total import bills last year and this was 12% higher than in 2003. In that category of imports, the imports of road vehicles accounted for R89 million, an increase of 2% compared to the previous year.

Imports of chemicals were valued at R199 million last year and this was 4% lower than in 2003. Of this value, R102 million represents the imports of medical and pharmaceutical products, which was 6% lower than in 2003.

Imports of beverages and tobacco accounted for 1% of the total import bill for last year being 10% higher than in 2003. Of this, imports of tobacco and tobacco manufacture decreased by 21% and the imports of beverages increased by 15% compared to 2003.

With regard to domestic export, the value of exports of canned tuna decreased by 10% from R1,023 million in 2003 to R923 million in 2004. The exports of fresh and frozen fish decreased from R28 million in 2003 to R13m in 2004 representing a 53% decrease.

Other processed fish brought in R8 million last year. There was a 4% increase in the value of exports of crustaceans from R41 million in 2003 to R43 million in 2004. The value of exports of cinnamon bark recorded a decrease of 46% whereas the value of other exports decreased by 1% last year compared to the previous year.

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