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

 


Dairy Boosts Export Growth

Overseas Merchandise Trade (Exports): May 2001

The updated value of merchandise exports for the year ended May 2001 is $31,541 million, according to latest figures released by Statistics New Zealand. This is an increase of 24 per cent from the previous May year. The annual increase from dairy exports (milk powder, butter, cheese, casein and caseinates) was $2,225 million, which accounted for 36 per cent of the total annual increase in exports.

The value of merchandise exports for May 2001 has been updated to $3,233 million. This is $13 million more than the early estimate released on 28 June 2001. The monthly surplus of $665 million is 21 per cent of the value of exports for the month. However, surpluses of more than 20 per cent of exports have occurred in four of the 10 previous May months. The value of merchandise imports for May 2001 was $2,568 million.

The trend in the trade balance is rising, with stronger growth in exports than imports, following a period of little change.

The updated merchandise trade balance for the year ended May 2001 is a deficit of $186 million. This compares with a deficit for the previous May year of $3,340 million (which included $631 million for the import of the frigate HMNZS Te Mana).

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

Brian Pink Government Statistician

END


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news