The Reserve Bank of Fiji said that total exports and imports are projected to grow this year by 12.3 percent and 4.5 percent.
Governor Barry Whiteside said that the growth in exports from 8.9 percent last year to over 12 percent this year is due to positive contributions from all categories of exports.
The import growth is projected to be in response to the pickup in domestic demand and anticipated increases in world market prices for mineral fuel and food.
Foreign reserves remain adequate at around $1.44B equivalent to cover 4.6 months of imports of goods and services.
Story by: Vijay Narayan
