| International
trade
The pace of international
trading volumes indicates the growth in economic development. Exports rose
from US$ 4.8 million in 1977 to US$ 58.1 in 1990. Within this period, imports
rose from US$ 11.1 million to US$ 138.3 million.
Furthermore exports have
been diversified to include apparel and clothing accessories and the marine
products now exported from the country include canned, frozen and dried
tuna and skipjack and several reef fishing projects.
A host of consumer goods,
petroleum products and building material constitute the major imports. |