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

 

Steady Growth in Imports Continues

Overseas Merchandise Trade (Imports): September 2000


The imports trend continues to grow, according to Statistics New Zealand. Increases in crude oil prices and the weakening New Zealand dollar, particularly since April 2000, have contributed to growth in the value of merchandise imports in recent months.

For the month of September 2000 the provisional unadjusted value of merchandise imports was $3,050 million. Imports for the year ended September 2000 were $30,383 million, an increase of 20.1 per cent from the previous September year.

Seasonally adjusted imports were 5.8 per cent higher in the September 2000 quarter than the previous quarter. This follows an increase of 9.7 per cent in the June 2000 quarter. Seasonally adjusted imports of consumption goods increased by 3.8 per cent in the September 2000 quarter after decreasing by 0.5 per cent in the previous quarter.

Seasonally adjusted imports of intermediate goods increased by 5.2 per cent in the September 2000 quarter following an increase of 8.9 per cent in the previous quarter. Intermediate goods are goods used up in the production process in New Zealand. An unadjusted increase of 27.8 per cent in crude oil imports for the quarter is one of the contributing factors in the growth in seasonally adjusted intermediate goods.

Unadjusted imports of capital goods were 4.5 per cent higher in the September 2000 quarter, compared with the June 2000 quarter, while unadjusted imports of passenger motor vehicles fell 9.7 per cent.

The early estimate for September 2000 merchandise exports is $2,460 million, which would give a merchandise trade deficit of $590 million compared with a deficit of $552 million for September 1999. For the month of September, the average trade balance for the previous 10 years was a deficit of $221 million. Detailed statistics for September 2000 merchandise exports will be released on 9 November 2000.

Ian Ewing DEPUTY GOVERNMENT STATISTICIAN

END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

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>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

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>>

ALSO:

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>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech