Vanuatu Foreign Trade
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FOREIGN TRADE
Vanuatu has experienced both deficits in the balance of trade as well as in the balance of payment. The exports segment is very low in comparison to the imports segment.
Major exportable items of the country are cocoa, coffee, copra and beef. Its exports partners are Japan, Malaysia and Thailand.
Important importable commodities of the country are machines, fuels and foodstuffs. It mainly imports from the countries such as Singapore, Japan, Australia, and Poland.
The following diagram shows the levels of exports and imports of the country over years:
CONCLUSION
The World Bank has undertaken various steps to reduce poverty and for fostering economic growth in the country recently.
