Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.