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


Trend in Merchandise Trade Close to Balance

Overseas Merchandise Trade (Imports): May 2002

The monthly trend balance indicates that imports and exports have been close to balance in recent months, according to latest figures released by Statistics New Zealand. Trend figures show increases in both imports and exports, however, imports are increasing at a higher rate than exports. The resulting balance indicates a slight deficit.

The provisional value of merchandise imports is $2,604 million for May 2002.

The early estimate of the value of merchandise exports for May 2002 is $3,100 million, resulting in an estimated trade surplus of $496 million, or 16.0 percent of exports, for the month. In the past ten years, the monthly May trade surplus, as a percentage of exports, has exceeded 15 percent on six occasions. Detailed statistics for May 2002 merchandise exports will be released on 9 July 2002.

There have been no imports of large items exceeding $100 million in value (such as large aircraft and ships) since November 2000.

For the year ended May 2002, the provisional value of merchandise imports is $32,185 million, an increase of 1.5 percent from the previous May year. Excluding items individually valued at $100 million or more, the annual increase in merchandise imports is 2.6 percent.

Brian Pink
Government Statistician

© Scoop Media

Business Headlines | Sci-Tech Headlines


Commerce Commission: Vodafone Faces Charges Over Expired Contracts

The Commission alleges that, having agreed with a customer to terminate their service part-way through the next month, Vodafone then sent an invoice that included charges for the entire next monthly billing period. More>>


Goat Milk: New PGP For Infant Formula

A new Primary Growth Partnership programme launched today has its sights on growing a sustainable, high value goat milk infant formula industry in New Zealand. More>>


Tornado Aftermath: More Storms Forecast For New Plymouth

Up to 30 homes were damaged Monday night when a tornado roared through a New Plymouth suburb last night , cutting power lines, tearing off roofs, and toppling trees. More>>


Government Investment Rejig: Sustainable Food & Fibre Futures Launched

Growing New Zealand’s food and fibre sectors sustainably and supporting a thriving economy are the hallmarks of a new investment programme announced today by Agriculture Minister Damien O’Connor. More>>

Dump Levy Options: Waste Work Programme Announced

Associate Environment Minister Eugenie Sage has announced a programme of work to take action on New Zealand’s long-neglected waste problems. More>>


Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>