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

 


Trade in goods falls for January month

Trade in goods falls for January month – Media release

The value of exported goods fell $378 million (10 percent) to $3.3 billion in January 2013, compared with January 2012, Statistics New Zealand said today. This was led by a fall in the value of milk powder, butter, and cheese, and crude oil.

The value of imported goods fell $234 million (6.0 percent) to $3.7 billion for the January 2013 month. Large capital imports in January 2012 affected this movement.

"The decrease in dairy and crude oil drove the decrease in exports," industry and labour statistics manager Louise Holmes-Oliver said. "The trade deficit has increased compared with January 2012, as the decrease in exports was greater than the decrease in imports."

The trade balance for January 2013 was a deficit of $305 million (9.1 percent of exports). This compares with an average deficit of 1.8 percent of exports over the previous five January months.

After removing seasonal effects, exports decreased 15 percent in January 2013, compared with December 2012. Milk powder, butter, and cheese led this decrease. Seasonally adjusted imports rose 1.6 percent in January 2013.

The trend for exports appears to have been declining in recent months, and is 5.0 percent lower than its highest peak, which was in November 2011. The trend for imports has been declining since July 2012, after a period of no change.

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.

ENDS

For more information about these statistics:
• Visit Overseas Merchandise Trade: January 2013

• Open the attached files

http://img.scoop.co.nz/media/pdfs/1302/OverseasMerchandiseTradeJan13.pdf

http://img.scoop.co.nz/media/pdfs/1302/omtJan13tables.xls




© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news