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

© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>