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


Vehicles Imports Rise

Record values of passenger motor vehicle imports and increased imports of consumption goods have contributed to a 2.7 percent increase in the seasonally adjusted value of merchandise imports in the September 2002 quarter. The deficit of $1,131 million, or 15.3 percent of merchandise exports, is similar to most previous September quarters, according to Statistics New Zealand.

Imports of vehicles, parts and accessories is now the largest commodity group in value. Trend figures show that the value of car imports has increased by 40.7 percent since the December 2000 quarter. The number of new cars imported in the September 2002 quarter is 24.5 percent higher than in the June 2002 quarter and 20.0 percent higher than a year ago. The number of used cars imported has declined since the March 2002 quarter and is now at the same level as the September 2001 quarter. Frontal impact standards for imported used cars were introduced on 1 April this year.

Imports of consumption goods increased 1.3 percent in seasonally adjusted value in the September 2002 quarter, while intermediate goods decreased by 0.7 percent despite a rise in crude oil value. Capital goods showed a 0.5 percent overall increase in value in the September 2002 quarter. The 9.5 percent rise in capital transport equipment was mostly offset by a 2.2 percent decrease in machinery and plant imports.

The provisional value of merchandise imports for the September 2002 month is $2,794 million.

The estimated value of merchandise exports is $2,460 million, giving a merchandise trade deficit of $334 million for the September 2002 month. Detailed statistics for September 2002 merchandise exports will be released on 6 November 2002.

For the year ended September 2002, the provisional value of merchandise imports is $32,143 million, an increase of 0.7 percent from the previous September year. Excluding items individually valued at $100 million or more, such as large aircraft and ships, there was an increase in merchandise imports of 1.1 percent. There have been no imports of individual items exceeding $100 million in value since November 2000.

Brian Pink Government

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>