Mineral Fuels Export of Fiji: A Detailed Analysis of the Ongoing Trade

Mineral fuels are the naturally occurring energy resources extracted from the earth’s surface. It serves as a potential tool for industrial sectors as it is mainly used for power generation, transportation, heating, and other industrial processes. Fiji, located in the South Pacific Ocean, shares borders with Australia and New Zealand to the east and north, and has emerged as a leading exporter of mineral fuels due to the presence of large fuel storage terminals at Suva and Lautoka. Fiji Import Data states that the proper setup of pricing ranges contributes substantially to the management of trade.

The central Pacific geographic position and the accessibility of the nation to South Pacific Island nations have been gradually recording a hike in mineral fuel exports. The government incentives for trade expansion and the small island state’s growing demand have recorded an export trade value of mineral fuels worth 400 million US dollars in 2024. The improved blending technologies of fuel and the energy-efficient logistics are considered beneficial for the export of mineral fuels. Subscribe to Import Globals, the Fiji import export data provider, to stay updated with the latest information regarding the Fiji mineral fuels export via the Fiji trade data.

WHY ARE MINERAL FUELS CONSIDERED A GLOBALLY TRADED COMMODITY?

The universal demand for mineral fuels is gradually increasing with time because of their essential role in empowering economies and the uneven distribution of resources. Almost every country in the global trade market relies on mineral fuels for electricity generation, industrial production, and transportation, which solidifies the commodity position as an indispensable necessity of the global trade.

As energy security is considered a crucial matter for national security and economic development, different countries are engaging more in the import of mineral fuels to diversify their supply sources. Crude oil, Brent, and other fuel oils are priced accordingly to benchmark their global trade position. It has been serving as an industrial backbone due to its versatility as raw materials for petrochemicals, fertilizers, and pharmaceuticals.

THE LEADING VARIANTS OF MINERAL FUELS EXPORTED FROM FIJI

Fiji, to maintain compatibility with the growing global demands of mineral fuels, has eventually recorded diversification in its global supplies. As per the Fiji Export Data, the top 10 leading variants of mineral fuels exported from the nation in 2024 are,

Crude Oil — The annual valuation of Crude Oil exported from Fiji in 2024–124 million US dollars
Diesel Fuel — The annual valuation of Diesel Fuel exported from Fiji in 2024–76 million US dollars
Petrol (Gasoline) — The annual valuation of Petrol (Gasoline) exported from Fiji in 2024–65 million US dollars
Kerosene — The annual valuation of Kerosene exported from Fiji in 2024–58 million US dollars
Jet Fuel — The annual valuation of Jet Fuel exported from Fiji in 2024–47 million US dollars
Fuel Oil — The annual valuation of Fuel Oil exported from Fiji in 2024–32 million US dollars
Liquefied Natural Gas (LNG) — The annual valuation of Liquefied Natural Gas (LNG) exported from Fiji in 2024–28 million US dollars
Liquefied Petroleum Gas (LPG) — The annual valuation of Liquefied Petroleum Gas (LPG) exported from Fiji in 2024–22 million US dollars
Bitumen — The annual valuation of Bitumen exported from Fiji in 2024–18 million US dollars
Naphtha — The annual valuation of Naphtha exported from Fiji in 2024–12 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF FIJI IN 2024

The on-growing demands of mineral fuels worldwide and the static growth rate in consumer engagement have made this a hot topic of discussion. Fiji, to tackle the complexities, has established a suitable bilateral relationship with the top trading authorities. According to the Fiji Customs Data, the top 10 export trade partners of the nation for mineral fuels exported in 2024 are,

Australia — The total valuation of mineral fuels exported from Fiji to Australia in 2024–92 million US dollars