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


Overseas Merchandise Trade (Imports): April 2000

Overseas Merchandise Trade (Imports): April 2000

Imports Growth Slows

The rate of growth in the imports trend has slowed in recent months. Figures released today by Statistics New Zealand show that since November 1999 the monthly rate of growth in the exports trend has exceeded the growth in the imports trend, resulting in a steady reduction of the deficit in the trade balance trend.

The provisional value of merchandise imports was $2,386 million for the month of April 2000. Import values are normally relatively low in April, averaging $1,969 million over the last five years. The April 2000 figure, however, includes significant "one off" imports of aircraft. Aircraft and parts imports were valued at $218 million compared with $19 million in April 1999.

The value of imports for the year ended April 2000 was 18.5 per cent higher than in the previous April year. The main contributor to the imports growth for the year to April 2000 was intermediate goods followed by capital goods, consumption goods, military and miscellaneous goods, and passenger motor vehicles. Intermediate goods are goods that are consumed or transformed in production processes. The value of mineral fuels continues to grow strongly due to the rising crude oil prices for the year ended April 2000.

For the year ended April 2000, imports from Australia, the United States of America, Japan and the People's Republic of China continue to grow strongly.

The preliminary estimate for April 2000 merchandise exports is $2,300 million which would give a merchandise trade deficit of $86 million. During the last 10 years, the average trade balance for the month of April, including April 2000, was a surplus of $170 million. Detailed statistics for April 2000 merchandise exports will be released on 8 June 2000.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>


Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>


Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>