Fiji’s foreign reserves were recorded at around $3.7 billion as at December 31, 2025.
According to the Reserve Bank of Fiji (RBF), foreign reserves were at adequate levels and sufficient to cover 5.6 months of retained imports.
It also projected that it would remain sufficient over the medium term.
In its December economic review, the central bank said merchandise trade deficit widened by 10.1 per cent in the year to October, compared to a 4.0 per cent narrowing in the same period last year.
It said the annual outturn was driven by strong growth in imports (6.7 per cent), which offset the slow growth in exports (0.9 per cent).
“Growth was noted for all import categories, except for mineral fuel, with machinery and transport equipment, particularly road vehicles, food and live animals, manufactured goods, and miscellaneous manufactured goods categories contributing the most,” the RBF stated.
“On the other hand, the marginal annual gain in exports was largely driven by higher receipts from gold related products, woodchips and kava.”
However, it said the decline in re-exports of mineral fuel and domestic exports of sugar and mineral water weighed heavily on overall export growth.”
Meanwhile, the RBF reported headline inflation stood at zero per cent in December, compared to -1.4 per cent in November and -0.2 per cent in December 2024.
It stated higher prices were noted in the alcoholic beverages, tobacco and yaqona, restaurants and hotels and the miscellaneous goods and services categories, which offset declines in prices for transport, cooking gas and fuel as well as furnishings and household equipment categories.
