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

 

Steady Growth in Imports

Overseas Merchandise Trade (Imports): October 2000

Steady Growth in Imports

The provisional value of merchandise imports for October 2000 was $2,945 million, according to latest figures released by Statistics New Zealand. The monthly imports trend continued to grow at a steady rate during 2000.

The value of imports for the year ended October 2000 was $30,840 million, up 21.2 per cent from the previous October year. Intermediate goods (which include crude oil) rose 24.1 per cent while capital goods rose 17.5 per cent and consumption goods rose 13.4 per cent.

The commodity with the largest increase for the year ended October 2000 was mineral fuels, mostly caused by a doubling of crude oil prices. The quantity of crude oil imported fell 2.0 per cent from the previous October year, while the value rose 95.5 per cent ($936 million).

The preliminary estimate for October 2000 merchandise exports is $2,720 million, which would give a merchandise trade deficit of $225 million for the month, compared with a deficit of $430 million for October 1999. The average trade balance for the 10 previous October months was a deficit of $228 million. Detailed statistics for October 2000 exports will be released on 11 December 2000.

Ian Ewing DEPUTY GOVERNMENT STATISTICIAN

END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>




Fonterra: Increases 2021/22 Forecast Farmgate Milk Price

Fonterra Co-operative Group Limited today increased and narrowed its forecast Farmgate Milk Price range to NZD $7.90 - $8.90 per kgMS, from NZD $7.25 - $8.75 per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZD $8.40 per kgMS, from NZD $8.00 per kgMS... More>>

Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>