Wallis And Futuna Islands Export Data

Wallis and Futuna Islands' Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: The primary trade partners of Wallis and Futuna Islands are France, New Zealand, and Australia, reflecting geographical proximity and historical ties.

• Main Imports: The top imports include food products, construction materials, and fuel, which collectively account for a significant portion of the total import volume.

• Main Exports: The major exports are copra and handicrafts, with copra alone comprising a substantial part of the total exports, reflecting the islands' agricultural and cultural economy.

• Trade Balance: Wallis and Futuna Islands typically experience a trade deficit, primarily due to high import demands that surpass export revenues.

• Trade Policy: The trade policy is influenced by the French overseas territory status, which includes benefits such as subsidies and trade agreements facilitated through France.

Domestic Market

• Consumer Spending: Consumer spending is largely dependent on imported goods and services, with a focus on basic necessities and limited discretionary spending due to the small economy size.

• Inflation & Interest Rates: Inflation rates in Wallis and Futuna Islands are generally stable, reflecting the influence of French economic policies and global commodity prices.

• Supply Chain Dynamics: The supply chain is heavily reliant on imports, particularly from France and neighboring Pacific countries, with occasional disruptions from weather events and global shipping dynamics.

• Industry Performance: The economy is predominantly based on agriculture, fishing, and a small tourism sector, with limited industrial activity. Copra production and subsistence farming are significant contributors to the local economy.

Overall Outlook

Despite facing challenges such as a trade deficit and reliance on imports, Wallis and Futuna Islands maintain a stable economy bolstered by support from France and the potential for growth in sustainable tourism and local handicrafts. The islands' unique cultural heritage and natural beauty position them for niche market opportunities that could enhance economic diversification and resilience.