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.


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

• Open the attached files

© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news