International Merchandise Trade Statistics Summary

2nd Quarter 2002

April - June

 

Imports for the second quarter 2002 were down 6% in relation to the same period for 2001. This second quarter has shown a significantly smaller decline than the first quarter when imports were down 26.6%.  Total merchandise imports to Anguilla for the 2nd quarter 2002 was EC$50.7 million.  To date April has been the only month this year to record an increase, which was 4.6%. For the first six months of the year imports declined 17% when compared to the same period for 2001.

 

The major sources contributing to the decline for the 2nd quarter 2002 were foodstuff and construction materials such as sand and stone.

 

Most exports out of Anguilla are the re-exportation of items.  For the 2nd qtr 2002 exports amounted to EC$3.7 million compared to EC$1.4 million for the same reporting period in 2001.  Such a large increase was mainly due to the re-export of heavy equipment.  Domestic exports accounted for 13.4% of the overall export figure compared to 14.5% in 2001.

 

April to June 2002 had a recorded trade balance of EC$46.9 million in deficit, a 10.4% decline compared to 2001.  This reduction is favourable from a trade standpoint but it also means that it will have an unfavourable impact on the Government’s budget due to a reduction in the amount of import duties collected.

 

The figures for imports and exports/re-exports represent the total record on customs documents brought to account at that period.  They do not necessarily represent the actual total amount of goods imported into the country or exported from the country during that period.  However, the customs records account for the major percentage by far of total merchandise imports.

 

International Merchandise Trade Statistics 2001 – 2002 EC$

 

 

 

2nd qtr 2001

 

2nd qtr 2002

% Change

01/02

 

Imports

 

53,932,921

 

50,702,537

 

(6.0)

 

Exports

 

1,478,362

 

3,727,525

 

(152.1)

 

Balance (E-I)

 

(52,454,559)

 

(46,975,012)

 

13.4

 

 

 

 

MONTHLY MERCHANDISE TRADE IMPORTS

 

 

 

 

 

 

 

 

 

1999

2000

2001

2002

% Change 01/02

 

 

 

 

 

 

 

January

 

    17,391,045

      23,290,424

    24,196,729

    16,753,375

              (30.8)

February

 

    17,135,458

      21,149,716

    18,152,805

    13,496,178

              (25.7)

March

 

    15,479,360

      20,789,737

    18,965,459

    14,774,686

              (22.1)

1st qtr

 

  50,005,863

    65,229,877

  61,314,993

  45,024,239

             (26.6)

April

 

    26,185,889

      15,900,007

    20,223,439

    21,163,495

                  4.6

May

 

    20,482,054

      19,557,990

    16,395,972

    14,637,488

              (10.7)

June

 

    19,722,596

      23,799,838

    17,313,510

    14,901,554

              (13.9)

2nd qtr

 

  66,390,539

    59,257,835

  53,932,921

  50,702,537

               (6.0)