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

 

November Merchandise Trade Deficit $418m


November Merchandise Trade Deficit $418m

The provisional value of merchandise trade imports for November 2002 is $2,898 million, according to latest figures released by Statistics New Zealand. The estimated value of merchandise exports for November 2002 is $2,480 million, resulting in an estimated merchandise trade deficit of $418 million. Detailed statistics for November 2002 merchandise exports will be released on 15 January 2003.

The deficit of $418 million is 16.9 percent of exports. Deficits, averaging 16.3 percent of exports, have occurred in November for each of the last 10 years. As a percentage of exports, the deficit ranged from 4.2 percent to 35.5 percent during this period.

Trend figures indicate a gradual increase in the value of merchandise imports for the latest six months. Over this period, the deficit has widened as a result of falling merchandise export values.

Merchandise trade imports for November 2002 were 4.4 percent ($133 million) lower than for November 2001. Imports of aircraft and parts (down $148 million) were the main contributor to the lower value. In November 2001, a Seasprite helicopter and a large aircraft were imported, raising the value of imports for that month. Vehicles, parts and accessories (down $26 million) also contributed to the lower merchandise trade imports. The lower values were partly offset by higher values for petroleum and products (up $47 million) and electrical machinery and equipment (up $37 million).

For the year ended November 2002, the provisional value of merchandise imports is $32,192 million, an increase of 1.1 percent from the previous November year. There have been no items individually valued at $100 million or more (such as large aircraft and ships) imported in the latest two November years.

Brian Pink

Government Statistician


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

EU Wine Exports: Peter Yealands Fined For "Unprecedented Offending"

Yealands Estate Wines has pleaded guilty to “unprecedented offending” under the Wine Act 2003 and has copped a $400,000 fine. More>>

ALSO:

Discussion Paper: Govt To Act On Unfair Commercial Practices

“I’ve heard about traders who have used aggressive tactics to sell products to vulnerable consumers, and businesses that were powerless to stop suppliers varying the terms of their contract, including price.” More>>

ALSO:

'Considering Options' On Tip Top Ownership: Fonterra Drops Forecast Milk Price

Fonterra Co-operative Group Limited today revised its 2018/19 forecast Farmgate Milk Price range from $6.25-$6.50 per kgMS to $6.00-$6.30 per kgMS and shared an update on its first quarter business performance. More>>

ALSO:

Science: Legendary Telescope Being Brought Back To Life

One of the world’s most famous Victorian telescopes will be restored and available for public viewing in Takapō after spending five decades in storage... The Brashear Telescope was used in the late 1800s by Percival Lowell for his studies of Mars. More>>