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

 

Imports Continue Growing

Latest figures from Statistics New Zealand show a continuation of imports growth. The trend in merchandise imports has been rising strongly each month this year.

For the year ended October 1999 compared to the previous October year, the main contributor to the growth in imports was capital goods, particularly transport equipment. Most of the increase in transport equipment was due to imports of large aircraft and a ship. Imports of intermediate goods and passenger motor vehicles also showed large increases.

Provisional merchandise imports for October 1999 were $2,497 million. Imports from Asia and Australia showed large increases. Imports from Europe continued to grow but at a slower rate than the total for all countries. International oil prices have risen steeply and pushed up the import value of crude oil.

October 1999 merchandise export statistics will be released on 9 December 1999. Preliminary estimates indicate the export value will be about $2,040 million. This suggests a trade deficit of about $457 million. During the 1990s, the average trade balance for the month of October, including October 1999, was a deficit of about $231 million.


ends



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Robertson Speech: Budget Sees Wider Debt Target

"New Zealand is well positioned to face this instability and uncertainty, but we are not immune from its impacts. Growth rates are set to be lower than we have seen in recent years..." More>>

ALSO:

Commerce Commission: Spark Warned Of Broadband Price Rise

The warning follows an investigation into representations Spark made on its website and in emails in August and September 2018, notifying in-contract customers receiving its copper-based broadband service of its decision to increase the price by $5 a month. More>>

Law Commission: Resist Rushing To New “Deepfake” Law

Artificial intelligence techniques can create massive volumes of fake audio, images and video that is incredibly convincing and near-impossible to detect... While it is tempting to respond with new law, the study finds that the long list of current legislation covering the issues may be sufficient. More>>

ALSO:

'Contrary To US Interests': US Lockout Sees Android Ditch Huawei

Effective May 16, 2019, the Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) by adding Huawei Technologies Co., Ltd. (Huawei) to the Entity List. More>>

ALSO: