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

 

Vehicles Imports Rise

Record values of passenger motor vehicle imports and increased imports of consumption goods have contributed to a 2.7 percent increase in the seasonally adjusted value of merchandise imports in the September 2002 quarter. The deficit of $1,131 million, or 15.3 percent of merchandise exports, is similar to most previous September quarters, according to Statistics New Zealand.

Imports of vehicles, parts and accessories is now the largest commodity group in value. Trend figures show that the value of car imports has increased by 40.7 percent since the December 2000 quarter. The number of new cars imported in the September 2002 quarter is 24.5 percent higher than in the June 2002 quarter and 20.0 percent higher than a year ago. The number of used cars imported has declined since the March 2002 quarter and is now at the same level as the September 2001 quarter. Frontal impact standards for imported used cars were introduced on 1 April this year.

Imports of consumption goods increased 1.3 percent in seasonally adjusted value in the September 2002 quarter, while intermediate goods decreased by 0.7 percent despite a rise in crude oil value. Capital goods showed a 0.5 percent overall increase in value in the September 2002 quarter. The 9.5 percent rise in capital transport equipment was mostly offset by a 2.2 percent decrease in machinery and plant imports.

The provisional value of merchandise imports for the September 2002 month is $2,794 million.

The estimated value of merchandise exports is $2,460 million, giving a merchandise trade deficit of $334 million for the September 2002 month. Detailed statistics for September 2002 merchandise exports will be released on 6 November 2002.

For the year ended September 2002, the provisional value of merchandise imports is $32,143 million, an increase of 0.7 percent from the previous September year. Excluding items individually valued at $100 million or more, such as large aircraft and ships, there was an increase in merchandise imports of 1.1 percent. There have been no imports of individual items exceeding $100 million in value since November 2000.

Brian Pink Government
Statistician
END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Barfoot and Thompson: Auckland Housing Prices Shrug Off Winter Concerns

Auckland house prices shrugged off the normal winter downturn, concerns about increasing prices and warnings of possible future interest rate rises in July.
“Mounting concerns about the prices being paid and possible future interest rate increases did nothing to dampen July trading... More>>



Stats NZ: Sharp Falls In Unemployment And Underutilisation

The seasonally adjusted unemployment and underutilisation rates fell to 4.0 and 10.5 percent, respectively, in the June 2021 quarter, Stats NZ said today. The unemployment rate continued to fall from its recent peak of 5.3 percent in the September 2020 quarter... More>>


FIRST Union: Do Shareholders Realise Marsden Point Conversion Could Cost More Than Half A Billion Dollars?

FIRST Union, the union representing workers at Refining NZ, are querying whether shareholders voting on Friday on whether to convert the Marsden Point refinery to an import-only terminal realise the conversion could cost $650-700 million dollars... More>>


Transport: July 2021 New Vehicle Registrations Boosted By EV Rebate Scheme
Motor Industry Association Chief Executive David Crawford says that July 2021 sales of new vehicles were boosted by the recently introduced rebate scheme. July 2021 registrations were 15,053 units compared to 12,263 units for July 2020... More>>



ASB: New Support Finder Tool Helps Connect Customers With Thousands In Government Support

ASB research alongside benefit numbers from the Ministry of Social Development shows an increased number of Kiwis are struggling financially, and many may not be aware they’re eligible for government support... More>>


Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>