Find Industry and Manufacturing expertise in Samoa
Manufacturing contributed 9.83% of GDP to Samoa’s economy in 2011, while the value added figure for manufacturing stood at 8.3% of GDP for the following year (World Bank). Annual percentage growth for manufacturing was 1.2% in 2012, up from -17.7% in 2011. Industry contributed 27.1% of GDP in 2012 (World Bank, value added figures). Samoa has been classified 57 out of 185 countries by the World Bank for ease of doing business, a ranking based on how conducive the regulatory environment is to the opening and operation of a local firm.
A Japanese owned automotive wiring harness company, Yazaki EDS, Samoa, is a large manufacturer present in the country. The company employs over 1,000 people and is one of the country’s largest employers. Another key firm is Samoa Breweries, which produces Samoa’s very own German-style Valima beer, as well as soft drinks. It was taken over by Australian firm Fosters in 1998 and dominates the local beer market. British American Tobacco also has a presence within the country.
The main industries in Samoa are food processing and the manufacture of building materials and auto parts, with the industrial production growth rate standing at 2% (CIA World Factbook, 2012).
Exports tend to consist of fish, coconut produce, taro, automotive parts, garments and beer, with more than half of all exports going to American Samoa. In 2011, exports contributed US$11.4 million to the Samoan economy.
Imports – mostly machinery and equipment, industrial supplies, and foodstuffs – arrive primarily from Fiji, New Zealand and Singapore. Imports totalled an estimated $318.7 million in 2011, an increase on the 2010 value of $280 million.
The Samoa Chamber of Commerce and Industry is a business association representing the private business sector in the country. It aims to work with the government to promote free enterprise and sustainable growth, and is the biggest group in the country to represent Samoan businesses at national to international levels. The New Zealand Samoa Trade & Investment Commission was launched in 2011 as a new industry body facilitating trade and investment between the two countries, since New Zealand is among the largest sources of foreign direct investment into Samoa.
|Industry and Manufacturing organisations in Samoa|
|Samoa Association of Manufacturers and Exporters||