Exports forecast to reach record $2.83 billion by 2028

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Fiji’s total exports are forecast to climb to a record $2.83 billion by 2028, driven by continued growth in domestic exports, yaqona, garments and mineral water, according to projections contained in the Economic and Fiscal Update accompanying the 2026–2027 National Budget that will be debated in Parliament from tomorrow.

The report projects total exports to increase from $2.53 billion in 2025 to $2.72 billion in 2026, $2.77 billion in 2027, before reaching $2.83 billion in 2028

Domestic exports are expected to remain a major contributor, rising from $539.6 million in 2025 to $567.5 million in 2026, $622.6 million in 2027, before easing slightly to $614.1 million in 2028.

Yaqona is forecast to remain one of Fiji’s fastest-growing export commodities, increasing from $79 million in 2025 to $86.9 million in 2026 and $92.1 million in both 2027 and 2028.

Garment exports are also projected to strengthen, growing from $76.1 million in 2025 to $90.5 million by 2028, while mineral water exports are expected to recover steadily from $316.9 million to $349.6 million over the same period.

Sugar exports are forecast to improve following a weak 2025, rising from $48.4 million to $75.3 million in 2026, $81.1 million in 2027, and $83.8 million in 2028.

Woodchip exports are projected to increase from $52.8 million in 2025 to $62.8 million by 2028, while molasses exports are expected to edge up from $23.3 million to $25.4 million.

Fresh fish exports are forecast to remain below recent highs, rising gradually from $40 million in 2025 to $38.4 million in 2028, while textile exports are expected to remain modest at just over $4 million by 2028.

Re-exports, excluding aircraft, are projected to remain Fiji’s largest export category, increasing to $1.16 billion in 2026 before stabilising at around $1.13 billion over the following two years.

The projections are based on estimates prepared by the Fiji Bureau of Statistics and the Macroeconomic Committee, and form part of the Government’s medium-term outlook presented alongside the 2026–2027 Budget.