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

 

Imports Increase Due to Capital Goods

28 October 2005

Overseas Merchandise Trade: September 2005 —

Imports Increase Due to Capital Goods

Capital goods is the major contributor to the 2.0 percent increase in the seasonally adjusted imports value for the September 2005 quarter, Statistics New Zealand said today. Capital transport equipment, which excludes passengers motor cars, rose 34.0 percent, mainly due to imported ships, boats and aircraft.

Capital machinery and plant rose 8.6 percent, with the main contributors being machinery plant, tractors and computer equipment. Consumption goods had an increase of 0.6 percent, while intermediate goods decreased by 1.7 percent.

The seasonally adjusted value of exports decreased 3.4 percent this quarter, following a decrease of 1.6 percent in the previous quarter. Contributing to this decrease were lower export values for milk powder, butter and cheese; fish, crustaceans and molluscs; and casein and caseinates.

The increased value of imports, together with the decreased value of exports, resulted in a seasonally adjusted trade deficit of $2,027 million (27.3 percent of exports) for the September 2005 quarter, compared with a deficit of $1,585 million (20.6 percent of exports) for the previous quarter. The trend of the trade balance has been in deficit since June 2002.

Brian Pink

Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

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>>

ALSO:

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 (And Dairy NZ)'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: