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Imports Down Significantly in January 2009 - Capital Goods down 40%, Beverage and Tobacco up 39.3%

Date Posted: March 16, 2009.

The Valley, Anguilla: Anguilla imports for January 2009 totalled, EC$49.7 million, a 23.0% decrease over the corresponding 2008 January value according to International Merchandise Trade Statistics Summary, from the Statistics Department. The Standard Industrial Trade Classification (S.I.T.C.) categories; Consumption, Primary and Capital Goods, contributed 58.4%, 25.7% and 15.9% respectively to the total import bill for January 2009.

While all S.I.T.C. categories (experienced a decrease the report shows a 40.4% decline - largest overall, was observed for Capital Goods. In this category, the decrease in value of import of household appliances, such as washing machines, refrigerators, microwave ovens etc. were some of the contributors to the decrease in this category. Vehicles also contributed EC$2.2 million compared to the 4.5 million in 2008.

Among Consumption Goods, Beverages and Tobacco (17.1% contributor), experienced the largest increase (39.3%) over its January 2008 figure in part due to the increase value of imports of items such as rum, water and other beverages.

Manufactured Goods, typically the largest contributor to Consumption Good Imports, decreased a whopping 51.9% from its January 2008 figure of EC$16.1 million to EC$7.7 million in January 2009. This decrease was in part attributed to a decrease in the import value of items such as tiles, window & doors, steel, quicklime as well as blocks; whose value decreased from EC$1.5 million to less than EC$0.1 million. Misc. Manufactured Articles another usual main contributors to the Consumption Goods category  also experienced a significant decrease of 12.6% over its corresponding 2008 figure.
 

Exports which include re-exports and domestic exports for the month of January were EC$2.1 million, a 12.5% decrease over its January 2008 value of EC$2.4 million. Domestic exports totaled EC$1.0 million in January 2008 as compared to EC$0.4 million in January 2008, a 181.8% increase.

Anguilla’s balance of trade for January 2009 was in deficit of EC$47.6 million, a deficit decrease by 23.4% when compared to the EC$62.2 million in the same period of 2008.

IMPORTS BY S.I.T.C. CATEGORY  JANUARY 2006 TO 2009

 

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