Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Overseas Merchandise Trade (Imports): January 2000

Overseas Merchandise Trade (Imports): January 2000

Volatility In Imports Obscures Trend

Figures released today by Statistics New Zealand show the provisional value of merchandise imports was $1,780 million for the month of January 2000. Import values are normally low in January, averaging $1,675 million over the last five years. The value for January 1999 was $1,792 million.

This month's value follows particularly high import values recorded in the latter part of 1999, especially $2,834 million for November 1999 and $3,147 million for December 1999. These high values include the frigate HMNZS Te Mana, passenger aircraft and higher priced petroleum imports. They may also include some earlier importing, in anticipation of Y2K problems, which would have a downward effect on January imports.

These factors make it difficult to determine whether the low value for January 2000 represents a temporary deviation from the strongly increasing imports trend or the beginning of a slowing down in imports growth.

Compared with the previous January year, the main contributor to the growth in imports for the year ended January 2000 was intermediate goods followed by capital goods, military and miscellaneous goods, consumption goods and passenger motor vehicles. Intermediate goods are goods that are consumed or transformed in production processes.

The preliminary estimate for January 2000 merchandise exports is $1,780 million which is exactly in balance with merchandise imports. During the last ten years the January trade balance has varied from a deficit of $251 million, recorded for January 1999, to a surplus of $95 million. Detailed statistics for January 2000 exports will be released on 9 March 2000.

Len Cook
GOVERNMENT STATISTICIAN

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news