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

 


Exports fall despite large increase to China


Exports fall despite large increase to China – Media release

The value of exported goods fell $94 million (2.4 percent) to $3.8 billion in November 2012, compared with November 2011, Statistics New Zealand said today.

“Despite a 60 percent increase in exports to China, decreases for other countries resulted in total exports falling, compared with November 2011,” industry and labour statistics manager Louise Holmes-Oliver said.

The value of imported goods has been flat at $4.5 billion for the month. Without one-off capital imports in November 2011, merchandise imports would have risen 5.9 percent – this would have been the largest increase since July 2012.

The trade balance for the November 2012 month was a trade deficit of $700 million (18 percent of exports). November month trade balances are typically deficits, and the current month compares with an average deficit of 13 percent of exports over the previous five November months.

Seasonally adjusted exports increased 8.9 percent in November 2012, compared with October 2012. Milk powder, butter, and cheese led this increase. Seasonally adjusted imports rose 11 percent in November 2012.

The trend for exports appears to have been declining in recent months, and is 7.3 percent lower than its highest-ever peak of November 2011. The trend for imports has shown little change in recent months, and is 4.8 percent lower than its record high of September 2008.

Overseas merchandise trade statistics remain provisional for the first three months after data is first released. For more information, see Why overseas merchandise trade data can change on the Statistics NZ website.

Authorised by:
Colin Lynch
Acting Government Statistician

Published 10 January 2013

For more information about these statistics:
• Visit Overseas Merchandise Trade: November 2012
• Open the attached files

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

(See attached file: OverseasMerchandiseTradeNov12.pdf)(See attached file: omt-Nov12-tables.xls)(See attached file: OverseasMerchandiseTradeNov12MR.pdf)

OverseasMerchandiseTradeNov12MR.pdf

omtNov12tables.xls

OverseasMerchandiseTradeNov12.pdf

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news