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

 


Overseas Merchandise Trade - June 1999

Overseas Merchandise Trade - June 1999

Merchandise Exports Fall

Merchandise exports, after the removal of seasonal effects, fell for the second consecutive quarter and were 2.4 per cent lower in the June quarter 1999 than in the March quarter 1999.

Seasonally adjusted exports of milk powder, butter and cheese fell for the third consecutive quarter. Seafood exports fell after showing strong growth in the last year while exports of wool and meat continued to fall.

The trend in the merchandise trade balance has continued to worsen in recent months. This is because the imports trend is rising strongly while the exports trend has eased. Declining terms of trade and increased imports of cars and consumption goods have put downward pressure on New Zealand's merchandise trade balance.

For the month of June 1999 the provisional merchandise trade balance was in deficit by $173 million.

For the year ended June 1999 the provisional merchandise trade balance was in deficit by $1,636 million. This compares to a deficit of $599 million for the year ended June 1998. This year's deficit as a proportion of Gross Domestic Product is the highest since the year ended June 1986. However, exports of services, which are measured separately from exports of merchandise goods and include tourism receipts, have shown strong growth in the year ended March 1999.

Len Cook
GOVERNMENT STATISTICIAN
9 August 1999


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news