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

 

Export Volumes Up, Prices Down

11 December 2006

Export Volumes Up, Prices Down

The seasonally adjusted merchandise export volumes index rose 5.2 percent in the September 2006 quarter, Statistics New Zealand said today. This follows an increase of 0.5 percent in the June 2006 quarter. The food and beverages index (up 8.1 percent) was the main contributor to the rise and was at a record high. Meat, and fruit and vegetables contributed the most to the rise in food and beverages volumes.

Merchandise export prices fell 0.8 percent in the latest quarter, with falling prices for dairy products (down 3.8 percent) and aluminium (down 2.1 percent) being the primary commodity drivers. Partly offsetting these falls was a 1.5 percent rise in meat product prices.

The seasonally adjusted merchandise import volumes index rose 1.6 percent in the September 2006 quarter, following falls in the previous two quarters. The intermediate goods index (up 5.9 percent) was the main contributor, with crude oil responsible for most of this increase. Excluding fuel imports, total import volumes would have risen by 0.3 percent.

Merchandise import prices increased for the sixth consecutive quarter, with a 1.1 percent rise in the September 2006 quarter. Price increases for petroleum and plastic products were the main reasons for the rise. Annually, the merchandise import price index rose 12.0 percent in the year to the September 2006 quarter.

As a result of rising import prices, coupled with falling export prices, the merchandise terms of trade recorded a 1.9 percent fall in the September 2006 quarter compared with the June 2006 quarter.

Brian Pink

Government Statistician

ENDS

© 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>>

Elsewhere:


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>>

ALSO:


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>>

ALSO:

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>>