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

 

Trade Surplus Smaller than Usual for February


Trade Surplus Smaller than Usual for February

The estimated merchandise trade balance for February 2003 is a surplus of $21 million or 0.9 percent of exports, according to figures released today by Statistics New Zealand. During the previous 10 years, there have been trade surpluses in February, ranging from 1.6 percent to 19.0 percent of exports.

The merchandise imports trend has been flat in recent months, while the rate of decline in the exports trend has slowed.

According to the trade weighted index, the New Zealand dollar was 1.9 percent higher in February 2003, following a 3.7 percent rise in January. Compared with February 2002, the New Zealand dollar was 19.4 percent higher. An appreciating dollar has a downward influence on domestic prices for both imports and exports.

The provisional value of merchandise trade imports for February 2003 is $2,319 million, 1.0 percent ($23 million) lower than for February 2002. The main contributors to the lower value were mechanical machinery and equipment, electrical machinery and equipment, textiles and textile articles, and sugars and sugar confectionery. These were partly offset by higher values for crude oil, petrol and aircraft.

The estimated value of merchandise exports for February 2003 is $2,340 million, $283 million higher than for February 2002. For the year ended February 2003, the provisional value of merchandise imports is $32,187 million, 0.2 percent higher than for the year ended February 2002. The estimated value of merchandise exports for the year ended February 2003 is $30,526 million, resulting in an estimated deficit of $1,661 million for the period. Detailed merchandise export statistics will be released on 7 April 2003.

Brian Pink

Government Statistician


© 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>>


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'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:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech