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

END

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

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election