First Quarter 2020 International Merchandise Trade Bulletin Press Release

St. John’s Antigua, January 26, 2021. The Statistics Division under the Ministry of Finance and Corporate Governance releases the International Merchandise Trade Bulletin for the First Quarter 2020.

HIGHLIGHTS

Antigua and Barbuda’s imports for January to March 2020 were valued at EC$ 421.5 million, a decrease of 14.8% when compared to EC$ 494.6 million for the same period in 2019 according to figures compiled by the Statistics Division.

For the first quarter of 2020 total exports increased to EC$ 37.2 million or 41.6% when compared to EC$ 26.3 million for the same period in 2019.

Imports from the United States of America (USA), Antigua and Barbuda’s main trading partner decreased 17.5%. For the first quarter of 2020 imports excluding petroleum products from the USA were valued at EC$ 159.9 million compared to EC$ 193.8 million for the comparable period in 2019.

IMPORTS

The major commodity groups responsible for the decrease in imports are Machinery and transport equipment, Manufactured goods classified chiefly by material, Mineral fuels, lubricants and related material and Commodities and transactions not elsewhere classified:

Machinery and transport equipment were valued at EC$ 93.2 million, a decrease of 24.7% compared to EC$ 123.9 million for the same period in 2019.

Manufactured goods classified chiefly by material fell 27.8% from EC$ 72.5 million in 2019 to EC$ 52.4 million for the first quarter of 2020.

Mineral fuels, lubricants and related materials were valued at EC$ 79.3 million, a decrease of 10.2% when compared to EC$ 88.4 million for the comparable period in 2019.

Commodities and transactions not classified elsewhere were valued at EC$ 4.1 million a decrease of 59.8% compared to 2019 of EC$ 10.2 million.

EXPORTS

Domestic exports were valued at EC$ 3.7 million for the first quarter of 2020 an increase of 97.0% when compared to EC$ 1.9 million in 2019. Re-exports were valued at EC$ 33.5 million an increase of 37.3% above the value for 2019 of EC$ 24.4 million.

The increase in value of domestic exports was due primarily to the increase in exports of Fish (not marine mammals), crustaceans and mollusks which were valued at EC$ 3.0 million, an increase of 186.6% when compared to EC$ 1.1 million in 2019.

CARICOM TRADE

Total imports from CARICOM for the first quarter of 2020 were valued at EC$ 36.4 million, a 1.1% decrease when compared to EC$ 36.8 million for the same period in 2019.

Despite the overall decrease, imports from Antigua and Barbuda main trading partner in CARICOM Trinidad and Tobago increased 2.1% which was valued at EC$ 15.4 million for the first quarter of 2020 compared to EC$ 15.1 million in 2019.

Total exports to CARICOM member states were valued at EC$ 5.1 million an increase of 141.9%, when compared to EC $2.1 million for the same period in 2019.

Domestic exports were valued at EC$ 0.3 million, an increase of 185.5% when compared to EC$ 0.1 million for 2019.

Re-exports were valued at EC$ 4.8 million, an increase of 139.5% with the comparable period for 2019 of EC $2.0 million.

END

Methodology

The General Trade System is used to compile the bulletin. Under this system all goods are recorded as imports when they enter Antigua and Barbuda while all goods leaving the country are recorded as exports. Customs records are the main data source. These records are based on documents for the importation and exportation of goods which are recorded by importers or brokers into the computerized system using the appropriate tariff codes.

Additional information on International Merchandise Trade is outlined in the International Merchandise Trade Bulletin. The First Quarter 2020 International Merchandise Bulletin is available at the Division website www.statistics.gov.ag

 First Quarter 2020 Trade Bulletin Publication