Imports for the last three months of 2001 were down
considerably, compared to 2000.
October and December both showed a 36% decline in imports, while November had a 52% decline. Overall, total merchandise imports for the 4th quarter ending December 2001 were EC$43 million. This represents a 43% decline over the same period in 2000, whilst the annual merchandise imports was EC$210 million, a 17.8% decline when compared to 2000 when EC$255 million was recorded in merchandise imports. The larger decline during the last quarter can possibly be attributed to, the disruption in air traffic due to September 11, plus the lower expected demand by tourists.
major sources of the decline were motor vehicles (with spark ignition engine
1500-300cc’s), Heavy Equipment, Construction materials and Gas oils (Diesel,
gasoline, propane) Recently there has been an increase in the importation of
used cars. These vehicles
are much cheaper to import, therefore enabling the importer to pay less for
the car and the duty being paid is also lessened.
In addition the price of fuel was lower this year compared to last.
These lower values cause import figures to show a decline, which, does not
necessarily mean proportionately fewer cars or gas oils are being imported to
Total merchandise exports for the 4th quarter amounted to EC$2.5 million, of which total domestic exports which is comprised of Rum and Blocks were EC$494,265 compared to the previous year when there was EC$288,381 in domestic exports. For the whole year 2001, total exports amounted to EC$8 million. Rum and blocks, Anguilla’s two main export products accounted for EC$1.0 million of the overall total.
For the 4th quarter 2001, Anguilla’s Balance of Trade was EC$40.3 million and was in deficit (i.e. net imports with imports exceeding exports). A 42% decline when compared to the same period for 2000 i.e. an improvement in the trade balance. For the year 2001, the island’s trade balance was EC$201 million compared to EC$244 million for 2000.
figures for imports and exports/re-exports shown 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.
Table indicating Quarter and Annual merchandise Trade Statistics 2000/2001