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


Record Month for Imports

Record Month for Imports

The provisional value of merchandise imports for November 2004 is $3,299 million, the highest monthly value ever recorded, according to Statistics New Zealand. The previous highest month occurred in November 2000, when a ferry was imported. The monthly imports trend has been relatively flat since May 2004, following a 9.5 percent rise in the trend from April 2003.

The value of imports for November 2004 is 18.6 percent higher than for November 2003. A broad range of commodities contributed to this higher value. However, mechanical machinery and equipment, passenger motor cars, diesel, and crude oil were the largest contributors to the higher value of imports over this period.

Imports of new passenger motor cars with engine size exceeding 3000cc recorded a high for both quantity and value for November 2004. A large proportion of cars of this size were imported from Australia during this month.

The estimated value of merchandise exports for November 2004 is $2,620 million, resulting in an estimated trade deficit of $679 million or 25.9 percent of exports. The average November trade balance for the previous 10 years is a deficit of $380 million or 17.8 percent of exports. Over this period, the trade deficit has ranged from 4.5 percent to 35.5 percent of exports. Only two of these deficits have exceeded 25.9 percent of exports.

Brian Pink

Government Statistician


© 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>>