Samoa's Economy and Trade Overview
Samoa is an important South Pacific island nation (2024 GDP growth is projected at 3.8%), known for its tourism, agriculture, and fisheries. As a partner in the "Belt and Road" initiative, its economy is expected to reach $1 billion in 2024 (data from Samoa National Statistics Office). The country boasts relatively well-developed island logistics infrastructure. Trade Between China and Samoa 2024 Trade Volume: $420 million (China Customs data) Key Features: Balanced goods and services trade Infrastructure projects driving equipment exports Payment Methods: Primarily Samoan Tala and USD Samoa's Major Trade Partners New Zealand: Largest trade partner (35% of total trade) Australia: Important trade partner (28%) China: Key emerging partner (20%) USA: Major source of remittances (12%) Major Trade Products China's Exports to Samoa: Machinery (35%, engineering and agricultural equipment) Building materials (25%, steel, cement, etc.) Daily necessities (20%, textiles...