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


Import Values Decline

Overseas Merchandise Trade (Imports): September 2001

The value of merchandise imports for September 2001 is $2,703 million, according to latest figures released by Statistics New Zealand. Latest trend numbers show falls for the August and September 2001 months. This reflects an appreciation of the exchange rate used on the import documentation in the September 2001 month.

The value of seasonally adjusted imports fell 1.0 per cent in the September 2001 quarter when compared with the previous quarter. This follows a 2.8 per cent rise in the June 2001 quarter. The largest contributor to the fall was consumption goods, which decreased 5.4 per cent in the September 2001 quarter. The appreciation of the New Zealand dollar may have contributed to the fall.

The seasonally adjusted import value of intermediate goods (goods, including crude oil imported for further processing) showed little change in the September 2001 quarter, compared with the previous quarter. This follows an increase of 1.6 per cent in the June 2001 quarter. Increased crude oil values were largely offset by decreased values of parts and accessories of capital transport equipment and capital plant. Crude oil values increased due to an increase in volumes, following a fall in both values and volumes last quarter.

For the year ended September 2001, the merchandise imports value is $31,955 million, an increase of 5.2 per cent from the previous September year.

The early estimate for September 2001 merchandise exports is $2,650 million, giving a merchandise trade deficit of $53 million for the month, compared with a deficit of $609 million for the September 2000 month. Detailed statistics for September 2001 merchandise exports will be released on 9 November 2001.

Brian Pink
Government Statistician

© Scoop Media

Business Headlines | Sci-Tech Headlines


Auckland Airport: North American Touch Downs Make AA Most Connected In Australasia
The return of American Airlines, the world’s largest airline, announced today has cemented Auckland Airport’s title as the Australasian airport with the most non-stop connections to the United States and Canada... More>>

Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>

The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>

Kiwibank: Savers To Benefit From Higher Returns Following OCR Rise

Following market movements Kiwibank is pleased to increase the interest rate and rates of return on its savings accounts... More>>

Fonterra: Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance... More>>

Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>