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


December 2002 Trade Deficit

The provisional value of merchandise imports for the December 2002 month is $2,669 million, according to Statistics New Zealand. The estimated value of merchandise exports is $2,370 million, resulting in a deficit of $299 million for the month. The deficit, at 12.6 percent of exports, is higher than normal for a December month.

The seasonally adjusted value of merchandise imports decreased by 2.2 percent in the December 2002 quarter, following a 2.6 percent increase in the September 2002 quarter. However, the trend series, which smoothes short-term fluctuations, indicates little change in imports in recent months. Falls were recorded in seasonally adjusted imports of intermediate goods and consumption goods, while imports of capital goods increased.

The increase in imports of capital goods for the quarter is largely due to the import of six large aircraft in October, valued in total at more than $200 million.

According to the Trade Weighted Index, the New Zealand dollar was 4.8 percent higher in the December 2002 quarter than in the September 2002 quarter. A rising New Zealand dollar tends to make imports cheaper, and this has an upward influence on the quantity of goods imported.

For the year ended December 2002, the provisional value of merchandise imports is $32,355 million, 2.1 percent higher than for the previous December year.

Brian Pink

Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

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>>


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>>


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>>