Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Trade Deficit Reaches Record Level

Overseas Merchandise Trade: August 2005

27 September 2005

Trade Deficit Reaches Record Level

The trade balance for the August 2005 month is a deficit of $1,105 million, or 46.8 percent of exports, Statistics New Zealand said today. The average trade balance for August for the past 10 years is a deficit of $341 million (16.4 percent of exports). The deficit for August 2005 is the highest deficit recorded for any month.

Imports of merchandise goods for August 2005 are provisionally valued at $3,465 million, which is $391 million (12.7 percent) higher than for August 2004. The main contributors to the increased imports value are higher values for ships and boats; mechanical machinery and equipment, particularly plant machinery and computers; and petroleum, particularly crude oil. The value for imports is the highest for any month on record.

Exports of merchandise goods for August 2005 are provisionally valued at $2,360 million, which is $6 million (0.2 percent) lower than for August 2004. The main contributors to the reduced exports value are lower values for fruit, particularly kiwifruit; and meat, particularly beef cuts. Offsetting these lower values is a higher value for milk powder, butter and cheese.

Brian Pink
Government Statistician


There is a companion Hot Off The Press information release published – Overseas Merchandise Trade: August 2005.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news