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

 

Overseas Merchandise Trade To July 1999


Latest merchandise trade figures suggest that the underlying trend in exports has been slowly rising from the start of 1996. The rate of growth in the exports trend in the last two years, however, has been slow compared to the imports trend.

The exports rise represents a revision in direction to the previously published trend for early 1999 which had shown flat performance. Due to the volatility of monthly trade statistics, trend estimates are subject to revision. The July 1999 exports value is particularly high and has had an upward influence on the exports trend. A depreciation of the New Zealand dollar from June 1999 may have contributed to this improvement.

Despite a rising exports trend, the trend in the merchandise trade balance has been declining for the last 10 consecutive months due to the stronger growth in the imports trend. The trade balance has generally been worsening since June 1997.

For the month of July 1999 the provisional merchandise trade balance was a deficit of $141 million. This is similar to the average trade balance for the month of July during the 1990s.

For the year ended July 1999, the provisional merchandise trade balance was a deficit of $1,710 million. This compares with a trade balance deficit of $209 million for the previous July year.

Provisional merchandise exports for the month of July 1999 were $2,036 million.
A Hot Off The Press titled Trade with APEC has been released today.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO:

Māui And Hector’s Dolphins: WWF/Industry Counter Offer On Threat Management Plan

Forest & Bird says WWF-NZ's plan for protecting Māui dolphins is based on testing unproven methods on a species that is almost extinct, and is urging the Government to reject the proposal. More>>

ALSO:

Industry Report: Growing Interactive Sector Wants Screen Grants

Introducing a coordinated plan that invests in emerging talent and allows interactive media to access existing screen industry programmes would create hundreds of hi-tech and creative industry jobs. More>>

ALSO:

Ground Rules: Government Moves To Protect Best Growing Land

“Continuing to grow food in the volumes and quality we have come to expect depends on the availability of land and the quality of the soil. Once productive land is built on, we can’t use it for food production, which is why we need to act now.” More>>

ALSO: