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

 

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
More RSS  RSS
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news