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


Exports Decrease, Imports Increase

Overseas Merchandise Trade: July 2005

Exports Decrease, Imports Increase

Total exports of merchandise goods for July 2005 are provisionally valued at $2,431 million and total imports at $3,047 million, Statistics New Zealand said today. Compared with July 2004 the value of total merchandise goods exports decreased $35 million (1.4 percent), while the value of total imports increased $198 million (6.9 percent).

The decrease in exports and increase in imports resulted in a monthly trade deficit for July 2005 of $617 million, up from the trade deficit of $384 million for July 2004. While a deficit is normal for a July month, this deficit is the largest July deficit on record.

New Zealand's four major trading partners, Australia, the United States of America, Japan and the People's Republic of China, account for approximately half of New Zealand's merchandise trade.

With the exception of Australia, exports to these countries all decreased in the July 2005 month compared with the July 2004 month. With the exception of the United States of America, imports from these countries all increased in the July 2005 month compared with the July 2004 month.

Brian Pink
Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


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>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news