Find Industry and Manufacturing expertise in Vanuatu
Manufacturing contributed 3.94% of GDP to Vanuatu’s economy in 2011, while the value added figure for industry stood at 9.5% of GDP in 2012 (World Bank). Annual percentage growth for manufacturing was 2.3% in 2012, a significant change from the 2011 rate of -20.9% (World Bank). In 2009, employment in industry constituted 7% of total employment figures: 10.5% of total male employment, 2.5% of female. Vanuatu has been classified 80th 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.
The Samoan economy is centred on small-scale agriculture, which provides a living for around 60% of the population (CIA, 2012). The main industries are food production – particularly frozen and canned foods – and wood processing. Industrial production was estimated to be shrinking at a rate of -3% during 2012 (CIA World Factbook).
Exports from Samoa reflect its main industries, with products including copra, beef, cocoa, timber, kava and coffee. Goods are exported mainly to Thailand, which accounted for almost 60% of all exports in 2012, although Japan also receives a large amount of Samoan products. In 2012 exports equated the value of US$55.9 million, down from $67.4 million in 2011 (est. CIA World Factbook).
The main imports into Samoa are machinery and equipment, foodstuffs and fuels, with the country’s main import partners being China, Singapore and the US. Imports valued $316.4 million in 2012, up from $310.2 million in 2011 (est. CIA World Factbook).
Due to Vanuatu’s fairly limited manufacturing base there are no prominent government agencies or industry bodies relating to the industry and manufacturing sector.
|Industry and Manufacturing organisations in Vanuatu|