Value of Imported Pharmaceutical Products Up

Value of Imported Pharmaceutical Products Up

The value of imported pharmaceutical products for April 2005 was $90 million, which is $25 million (37.7 percent) higher than for April 2004, Statistics New Zealand said today. Vaccines and other medicaments are the major items contributing to this higher value.

The provisional value of merchandise imports for April 2005 is $2,952 million, up $66 million (2.3 percent) compared with April 2004. The major contributors to this month's higher value of imports other than pharmaceutical products are iron, steel and articles; and mechanical machinery and equipment.

The estimated value of merchandise exports for April 2005 is $2,805 million, up $114 million (4.2 percent) compared with April 2004. Consequently, the estimated trade balance for this month is a deficit of $147 million, or 5.3 percent of exports.

Brian Pink
Government Statistician

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