Fiji has become South Africa’s top mineral water producer and is now the world’s biggest producer of it, as the country has emerged as the new face of the continent’s emerging global economy.
The country’s mineral water was the biggest source of income for South Africa in 2012, according to data compiled by Bloomberg New Energy Finance.
The country’s exports to South Africa were estimated at $9.9 billion, or $1.4 billion per day, while imports from Fiji totaled $1 billion, according the data compiled for Bloomberg New Environment.
“The value of the Fijian economy has been growing exponentially in recent years,” said Siva Pangu, head of the Fiji Center for Business Research.
“Fiji’s success story is an example of the way South Africa can leverage its global competitiveness to drive sustainable development.”
Fiji became a member of the Shanghai Cooperation Organization (SCO) in 2008.
The South African economy grew at a 3.5 percent annual rate between 2010 and 2012, and South Africa was also a member.
South Africa has a $15.4 trillion economy, and it imports more than 70 percent of its mineral water from Fiji.
The SCO has set a target of a 25 percent reduction in its share of the world market for water by 2020, which would boost Fiji’s global competitiveness.
South African exports to Fiji increased by $7.9 million in 2012 to $8.3 billion, while imported exports to the country totaled $2.3 million.
South Africa is also a major producer of iron ore and coal.
South Africans exported $3.9 trillion worth of goods in 2012 and imports totaled $738.8 billion.
South Asia is the second-biggest market for South African minerals.
India accounted for $874.5 billion in 2012.
South African exports of minerals to India grew by 1.2 percent in 2012 while imports of South African products fell by 4.1 percent.
India, which was also the largest importer of minerals in 2012 by value, was the only South African market in the world to be included in the data.
South Korea, Japan, China and France were the other top buyers of South Africa minerals, according Bloomberg New Exploration Data.
China’s mineral export to Fiji dropped by 3.7 percent in 2011 to $1 trillion.
The trade deficit with South Africa, however, was less than the $1,400 million that China imported into South Africa last year.
China also has been buying more and more minerals from Fiji, and that is putting pressure on South Africa.
The two countries have been trading for more than 20 years.
In 2010, China signed a free trade agreement with Fiji and the SCO.
The deal included a new mineral export quota system, which allowed China to sell its mineral to Fiji at a discount.
China has been looking to diversify its market by exporting its mineral reserves to South African companies, and the South African government has welcomed that as a way to boost the country’s economy.