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


Latest Statistics Confirm November Export Growth

Overseas Merchandise Trade (Exports): November 2000

The updated value of merchandise exports for November 2000 is $2,790 million, according to latest figures released by Statistics New Zealand. This is $50 million more than the early estimate released on 21 December 2000. Merchandise imports were $3,206 million, giving an updated trade deficit of $416 million for the month.

The latest statistics indicate that the monthly trend value for merchandise exports is rising at a faster rate than the monthly trend for merchandise imports. This pattern has been maintained since November 1999, resulting in a progressive reduction of the trade deficit.

The updated value of merchandise exports for the year ended November 2000 is $28,595 million, up 22.6 per cent from the previous November year. The updated merchandise trade balance for the year ended November 2000 is a deficit of $2,607 million. Despite the inclusion of the frigate HMNZS Te Mana ($631 million) in this latest figure, it is similar to the deficit for the previous November year.

For the year ended November 2000, Australia, the United States of America and Japan were our top three export markets and contributed 51.1 per cent of the annual growth. The commodities contributing the most to annual growth in exports were milk powder, butter and cheese; meat and edible offal; and logs, wood and wood articles, followed by casein and caseinates, electrical machinery and wood pulp and waste paper. The combined annual increase from these six commodities was $2,568 million, which accounted for 48.7 per cent of the total annual increase for exports.

Overseas merchandise trade statistics are provisional for three months to allow for the inclusion of new and amended information.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news