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

 

Exports Trend Eases

Overseas Merchandise Trade (Exports): May 2002

The updated value of merchandise exports for May 2002 is $3,074 million, according to latest figures released by Statistics New Zealand. The monthly exports trend, after four months of continuous growth, is showing signs of easing. The imports trend continues to rise, resulting in a small deficit in the monthly trade balance trend for the latest four months.

The exports value of $3,074 million for May 2002 is 0.8 percent lower than the early estimate published on 28 June 2002. It is lower than the value for May last year but higher than the value for May 2000.

Compared with May 2001, the main decreases in commodity values are for milk powder, casein and caseinates. Prices of these commodities have fallen to approximately the same level as two years ago. The main increases in commodity values were for kiwifruit and sawn timber. Kiwifruit quantities and prices for this early part of the kiwifruit season are at a higher level than a year ago. The higher New Zealand dollar is having a downward influence on export prices.

For May 2002 the value of merchandise imports is $2,604 million, giving a merchandise trade surplus for the month of $470 million. This surplus is 15.3 percent of merchandise exports for the month. The trade surplus for May last year was $668 million. Surpluses have been recorded for nine of the 10 latest May months.

For the year ended May 2002, the value of merchandise exports is $32,489 million, up 2.7 percent from the previous May year. The merchandise trade balance for the year ended May 2002 is a surplus of $304 million, compared with a deficit of $76 million for the previous May year.

Brian Pink Government Statistician END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

CO2 And Water: Fonterra (And Dairy NZ)'s Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech