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

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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