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

 


Primary products exports flourish in February

Primary products exports flourish in February

27 March 2014

Exports of primary products led the rise in total goods exports in February 2014, Statistics New Zealand said today. This includes rises for milk powder, logs, and sheepmeat exports.

The value of exported goods rose $663 million (17 percent) to $4.6 billion in February 2014, compared with February 2013.

Goods exports to China rose $388 million (49 percent), which was driven by primary products, up $398 million in February 2014.

“The rise in dairy this month was supported by logs and meat, with much of the increase in these commodities destined for China,” industry and labour statistics manager Louise Holmes-Oliver said.

The value of imported goods rose $277 million (8.0 percent) to $3.7 billion. The main contributors to the increase were intermediate goods (up $148 million) and capital goods (up $135 million).

The trade balance for February 2014 was a surplus of $818 million (18 percent of exports). This is the highest-ever trade surplus for any February month and compares with a surplus of $432 million (11 percent of exports) in February 2013.

Seasonally adjusted exports rose 4.0 percent in February 2014 compared with January 2014. Milk powder, butter, and cheese led this increase. Seasonally adjusted imports rose 2.8 percent in February 2014.

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.


For more information about these statistics:
• Visit Overseas Merchandise Trade: February 2014

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news