Registrations fall following coronation festivities

Container Registrations
July 2015

  Jul 15 Jun 15 May 15 Apr 15

Total 669 1,072 760 684
Business 382 599 455 412
Private 287 473 305 272

Registrations fall following coronation festivities

The total number of container registrations fell by 37.6% over the month of July, indicating the end of coronation festivities and other special events. This coincides with a fall in import payments, as well as business and household loans. Contrastingly, the annual number of total container registrations increased by 18.7%. This could be due to more economic activity in relation to the scheduled events which occurred over July 2015 in comparison to July 2014. In addition, there has been an evident increase in roadside stalls and fairs which indicates an active informal sector. Moreover, banking data show that import payments increased by 17.5% which coincides with the yearly increase in total container registrations.

On the outlook, the NRBT expects imports and consequentially container registrations to generally increase in this current financial year. This is supported by liaison discussions with the transport sector which expects more imports of vehicle parts due to high demand. Additionally, on-going projects such as the construction of the St. George Palace and renovation of the Tanoa Hotel are anticipated to contribute to the rise. Spillover effects on the trade, tourism and construction sectors are also expected. However, higher imports could possibly exert downward pressure on the foreign reserves. The NRBT will continue to closely monitor the country’s economic and financial conditions in order to maintain an adequate level of foreign reserves and promote price stability.

Container Registrations
Total Number of Containers

  Month ended Year ended Share of Total
  Jul 15 Jun 15 May 15 Jul 14 Jul 15 Jul 14

Total containers 669 1,072 760 560 8,559 7,209 100
Business 382 599 455 346 4,989 4,103 58
Private 287 473 305 214 3,570 3,106 42

Source: Tonga Ports Authority              

TotalVehicleRegistrationsMonthly Jul15

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