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

 

Imports at High Level

Imports at High Level Figures released today by Statistics New Zealand show that the trend in merchandise imports continues to rise strongly. The provisional value of merchandise imports for November 1999 was $2,845 million. Import values are normally high in November, averaging $2,068 million over the previous five years.

Imports from Asia and France showed large increases while imports from the United States of America showed low growth compared to the total imports for all countries. The commodities showing the largest rises in import values were vehicles, electrical machinery, aircraft, and mechanical machinery.

Compared to the previous November year, the main contributor to the growth in imports for the year ended November 1999 was intermediate goods followed closely by capital goods, passenger motor vehicles and consumption goods. Intermediate goods are goods that are consumed or transformed in production processes.

The preliminary estimate for November 1999 merchandise exports is $2,050 million which would give a trade deficit of $795 million. During the 1990s, including 1999, the average November trade balance was a deficit of about $233 million. Detailed statistics for November 1999 exports will be released on 18 January 2000.

Ian Ewing DEPUTY GOVERNMENT STATISTICIAN

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Retail: International Websites To Pay GST

New rules would be aimed at imported goods valued at or below $1,000. Customs would retain responsibility for collecting GST on imported parcels valued more than $1,000. More>>

ALSO:

High-Level Advice: PM’s Business Advisory Council Membership Announced

The Prime Minister’s Business Advisory Council brings together a mix of experts, six women and seven men with small to large business experience, from across New Zealand, to provide advice. More>>

ALSO:

Improving: Report Shows New Zealand Air Quality 'Good'

Our air 2018, produced by the Ministry for the Environment and Stats NZ, shows that while some previously known issues persist, progress has been made and levels of some pollutants are declining. More>>

ALSO:

Greenpeace: Govt Extends OMV Exploration Permit

The Government has just granted oil giant OMV a two-year extension to drill in the Great South Basin, despite issuing a ban on new oil and gas exploration permits in April. More>>

ALSO:

Collective Bargaining For Contractors: Working Group's Model For Screen Sector

A recommended model to allow collective bargaining for contractors in the screen sector has today been unveiled by the Government-convened Film Industry Working Group. More>>

ALSO:

Kauri Dieback: DOC Closing Tracks To Protect Trees

The Department of Conservation will close 21 tracks across kauri land to help prevent the spread of kauri dieback. An additional 10 tracks will also be partially closed and the open sections upgraded... More>>