Tonga has faced both trade deficit as well as balance of payment deficit over years. Important exportable items of the country are fish, squash and manufacturing and exports partners of the country are Japan, Australia and United States.
Major importable items are food, capital goods, fuel and energy. Its important partners are New Zealand, United States and United Kingdom.
The following diagram shows levels of exports and imports of the country.
Overall trade scenario in the country over years is as follows:
Foreign Trade 2000 2003 2004 Merchandise trade (% of GDP) 51.5 65.9 54.1 Foreign direct investment, net inflows (BoP, current US$) 0.0 0.0 0.0 Long-term debt (DOD, current US$) 59.9 million 79.1 million 80.7 million
Tonga's non-monetary sector has put more pressures on over all economic developments over years. Presently the country is putting more emphasis upon private sector growth.