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


Dairy export volumes show large increase

Dairy export volumes show large increase – Media release

In the September 2012 quarter, seasonally adjusted dairy export volumes rose 32 percent, Statistics New Zealand said today. Milk powder was the largest contributor to this rise.

Dairy products made the largest contribution to a 9.7 percent rise in seasonally adjusted export volumes. Meat export volumes rose 15 percent. Import volumes rose 0.7 percent, led by intermediate and capital goods.

"Dairy export volumes are at record levels, after adjusting for seasonal effects," prices manager Chris Pike said. "Dairy values remain at high levels, even though export prices have fallen for five consecutive quarters."

Export prices fell 6.3 percent, led by dairy prices (down 13 percent), while import prices fell 3.3 percent, led by a fall in petroleum and petroleum product prices (down 13 percent).

In the September 2012 quarter, the terms of trade fell 3.2 percent. A fall in the terms of trade means that fewer imports can be funded by the same quantity of exported goods. The terms of trade are 9.1 percent lower than a year ago.

The price and volume indexes for exports and imports of goods are compiled mainly from overseas merchandise trade data.


Authorised by:
Geoff Bascand
Government Statistician

Published 3 December 2012

For more information about these statistics:
• Visit Overseas Trade Indexes (Volumes): September 2012 quarter (provisional)

• Open the attached files

Information release (PDF) Tables (Excel) Copy of this media release (PDF)

(See attached file: OverseasTradeIndexesVolumesSep12qtr.pdf)(See attached file: otiv-tables-sep12qtr.xls)(See attached file: OverseasTradeIndexesPricesSep12qtrMR.pdf)

Overseas Trade Indexes Prices Sep12qtrMR.pdf




© Scoop Media

Business Headlines | Sci-Tech Headlines


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news