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

 


Latest Figures Confirm Export Growth

Overseas Merchandise Trade: May 2000

Latest Figures Confirm Export Growth


The provisional value of merchandise exports for the May 2000 month was $2,579 million, according to Statistics New Zealand. This confirms preliminary estimates which showed export growth. The export figure compares with $2,389 million for imports and results in a trade balance surplus for the month of May. The exports trend has been growing faster than the imports trend since October 1999, and has resulted in a steady reduction of the deficit in the trade balance trend.

The merchandise trade balance for May 2000 was a surplus of $191 million. During the last 10 years the average trade balance for the month of May, including May 2000, was a surplus of $303 million.

The provisional value of merchandise exports for the year ended May 2000 was $25,457 million, up 12.6 per cent from the previous year ended May. The provisional merchandise trade balance for the year ended May 2000 was a deficit of $3,332 million compared with a deficit of $1,428 million for the previous May year. Included in the year ended May 2000 trade balance is $631 million for the imported frigate HMNZS Te Mana.

For the year ended May 2000 the commodities contributing the most to the annual growth in exports were meat and edible offal; logs, wood and wood articles; and aircraft and parts. The export value of milk powder, butter and cheese showed little change from the previous year despite the falling New Zealand dollar.

Ian Ewing DEPUTY GOVERNMENT STATISTICIAN

END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: 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>>

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:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news