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

 


March Quarter Export Values in Decline


March Quarter Export Values in Decline

The seasonally adjusted value of merchandise exports decreased 1.4 percent in the March 2003 quarter, according to Statistics New Zealand. This is the fourth consecutive fall in quarterly export values. The seasonally adjusted value of merchandise imports decreased 2.2 percent in the March quarter.

The main contributors to the exports decline in the March 2003 quarter were wood and wood articles, dairy products, and aluminium. These were partially offset by increases for meat and fruit.

Export quantities of logs and timber, dairy products, and aluminium fell this quarter when seasonally adjusted, while higher quantities were recorded for meat and fruit. Although quantities and values for fruit increased this quarter, levels are below previous years. An unfavourable climate has affected apple growing conditions, delaying the start to the export season.

The updated value of merchandise exports for the March 2003 month is $2,762 million.

Provisional imports for the March 2003 month are valued at $2,444 million, giving an updated trade surplus of $317 million. Trade surpluses are usual for a March month.

For the year ended March 2003, the provisional merchandise exports value is $30,267 million, a decrease of 7.4 percent from the previous March year. The merchandise trade balance for the March 2003 year is a deficit of $1,870 million, compared with a surplus of $866 million for the previous March year.

Brian Pink

Government Statistician


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news