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

 

Imports Growth Stalls in August

Overseas Merchandise Trade (Imports): August 2001


Imports Growth Stalls in August

The provisional value of merchandise imports for August 2001 is $2,747 million, according to figures released today by Statistics New Zealand. Latest trend numbers suggest stalled growth in imports for the month, due to a relatively low actual value for August 2001. This reflects an appreciation of the exchange rate against all our main trading partners' currencies and lower crude oil volumes for the month.

The imports trend series shows a 0.4 percent fall for the August 2001 month. However, if petroleum and products (including crude oil) are excluded, the trend shows a flat movement for the month. Crude oil volumes fluctuate considerably from month to month.

The value of imports for the year ended August 2001 is $32,295 million, up 8.0 per cent from the previous August year. Intermediate goods (goods, including crude oil, imported for further processing) rose 15.5 per cent in value, while consumption goods rose 11.3 per cent. Capital machinery and plant rose 11.5 per cent, while capital transport equipment fell 25.5 per cent, due to decreased aircraft imports. Excluding items individually valued at $100 million or more (such as large aircraft and ships), the annual increase in the merchandise imports value was 11.0 per cent.

The countries showing the largest increase in imports value for the year ended August 2001 were the People's Republic of China, followed by Germany, Malaysia and Qatar. Imports from the United States of America showed a decrease in value for the year ended August 2001, due to lower imports of large aircraft and electrical machinery and equipment. Imports of electrical transmission apparatus from the United States of America were particularly high in August 2000.

The early estimate for August 2001 merchandise exports is $2,650 million, giving a merchandise trade deficit of $97 million for the month, compared with a deficit of $371 million for August 2000. If confirmed, the merchandise trade balance for the year ended August 2001 would be a surplus of $325 million. Detailed statistics and an updated total value for August 2001 merchandise exports will be released on 11 October 2001.

Brian Pink Government Statistician END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Digitl: Bumper year ahead for NZ IT sector

Gartner says New Zealand spending on technology products and services will grow 7.4 percent this year. The company’s latest forecast says the market will total NZ$15.3 billion in 2022... More>>



Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>

Federated Farmers: NAIT Levy Increases Must Achieve Accurate, User-friendly System
Nobody welcomes extra costs but if OSPRI is to catch-up on under investment in the NAIT platform and deliver on its workability and farmer support, levy increases are probably necessary, Federated Farmers says... More>>



Skoltech: Study Probes Earth’s Turbulent Past To Explain Where Oceans Came From

The origin of water on our planet is a hot question: Water has immense implications for plate tectonics, climate, the origin of life on Earth, and potential habitability of other Earth-like planets. In a recent study in Physical Review Letters, a Skoltech professor and his Chinese colleagues suggest... More>>


Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>