French Polynesia Import Data

French Polynesia's Import/Export Overview and Market Analysis

Imports & Exports

• Top Trade Partners: French Polynesia primarily trades with France, New Zealand, China, the United States, and Japan—these countries are crucial for both imports and exports.

• Top Imports: The top 5 imports include machinery, vehicles, food products, pharmaceuticals, and raw materials. These account for approximately 40% of the total import volume.

• Top Exports: Leading exports consist of pearls, vanilla, coconut products, noni juice, and monoi oil, representing about 35% of total exports.

• Trade Balance: French Polynesia experiences a trade deficit, with imports significantly outweighing exports. Ongoing efforts are aimed at boosting local production and diversifying the economy to improve this balance.

• Trade Policies: The government has implemented measures to protect local industries from cheap imports and to promote exports, including subsidies and export promotion programs.

Market Conditions

• Consumer Spending: Consumer spending is robust, driven by tourism and local demand for imported goods. However, the high cost of living can strain household budgets.

• Interest Rates & Inflation: Interest rates are relatively stable, but inflation is a concern, especially for imported goods. The government is monitoring the situation to ensure economic stability.

• Supply Chain Dynamics: The supply chain heavily relies on imports, making it vulnerable to global disruptions. Efforts are being made to strengthen local production capabilities and reduce dependency.

• Sectoral Performance: Tourism, agriculture, and fisheries are key sectors showing strong performance. The government is also promoting the growth of the pearl industry and renewable energy to diversify the economy.

Overall Outlook

French Polynesia faces challenges in managing its trade deficit and high living costs, but ongoing investments in key sectors and a focus on sustainable development position it for economic resilience and growth. The strategic location and rich natural resources offer opportunities for enhancing trade relationships and promoting local industries.