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

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>