Samoa Import Data

Samoa's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Samoa primarily trades with New Zealand, Australia, China, the United States, and Fiji, reflecting a strong Pacific regional focus.

• Top 5 Imports: Fuels, machinery, foodstuffs, vehicles, and pharmaceuticals. These categories collectively represent over 40% of Samoa's total imports.

• Top 5 Exports: Nonu (noni) juice, handicrafts, cocoa, copra, and coconut oil. Exports of these goods account for nearly 50% of Samoa's total exports.

• Trade Deficit: Samoa experiences a significant trade deficit, with imports far outweighing exports. Efforts are underway to boost local industries to address this imbalance.

• Policy Impact: Samoa has implemented policies to diversify its economy and incentivize export-oriented industries, aiming to reduce dependency on imports.

Domestic Market

• Consumer Spending: Consumer spending is robust, driven by remittances from overseas Samoans and government spending on infrastructure and public services.

• Inflation & Interest Rates: Inflation remains moderate, with the Central Bank of Samoa maintaining interest rates at historical lows to stimulate economic activity and support businesses.

• Supply Chain Resilience: Despite global supply chain disruptions, Samoa has managed to maintain essential commodity supplies, although at higher costs due to increased shipping expenses.

• Industry Performance: The tourism, agriculture, and fishing sectors are key contributors to Samoa's economy, with growing interest in developing renewable energy and technology sectors.

Overall Outlook

Samoa's economy, while facing challenges such as trade deficits and global market uncertainties, is poised for growth through increased investment in sustainable industries and leveraging its strategic location in the Pacific. Continued efforts to diversify export products and strengthen domestic markets are crucial for long-term economic stability.