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

 

Annual Trade Surplus Confirmed

Overseas Merchandise Trade (Exports): July 2001

The updated merchandise trade balance for the year ended July 2001 is a surplus of $45 million, according to latest figures released by Statistics New Zealand. This is the first annual surplus since April 1995, and compares with a deficit for the year ended July 2001 of $3,144 million (which included $631 million for the import of the frigate HMNZS Te Mana, as well as several large aircraft).

The updated value of merchandise exports for the year ended July 2001 is $32,336 million, which is an increase of 22.8 per cent from the previous July year. The annual increase from dairy exports (milk powder, butter, cheese, casein and caseinates) accounted for 40 per cent of the total annual increase in merchandise exports.

The value of merchandise exports for the July 2001 month has been updated to $2,754 million, $4 million more than the early estimate released on 27 August 2001. The value of merchandise imports for July 2001 is $2,796 million. The deficit of $42 million is 1.5 per cent of the value of exports for the month. Deficits of more than 1.5 per cent of exports have occurred in 9 of the 10 previous July months. Overseas merchandise trade statistics are provisional for three months to allow for the inclusion of new and amended information.

During the past five months there has been slightly stronger growth in the imports trend than the exports trend. This has caused the trade balance trend to decline.

Brian Pink
Government Statistician
END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>

ALSO:

Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>

ALSO:

Royal Society: Calls For Overhaul Of Gene-Technology Regulations

An expert panel considering the implications of new technologies that allow much more controlled and precise ‘editing’ of genes, has concluded it’s time for an overhaul of the regulations and that there’s an urgent need for wide discussion and debate about gene editing... More>>

ALSO:

Retail: Card Spending Dips In July

Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. More>>

ALSO:

Product Stewardship: Govt Takes More Action To Reduce Waste

The Government is proposing a new way to deal with environmentally harmful products before they become waste, including plastic packing and bottles, as part of a wider plan to reduce the amount of rubbish ending up in landfills. More>>

ALSO:

Earnings Update: Fonterra Sees Up To $675m Loss On Writedowns

“While the Co-op’s FY19 underlying earnings range is within the current guidance of 10-15 cents per share, when you take into consideration these likely write-downs, we expect to make a reported loss of $590-675 million this year, which is a 37 to 42 cent loss per share." More>>

ALSO: