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

 

Exporting manufacturers: Heroes of the economy

Tuesday, December 14th, 2004

Exporting manufacturers: Heroes of the economy

The remarkable performance by our exporters of manufactured goods this year deserves national recognition. If there was an award for the Heroes of the Economy, they would have to be the top contenders.

Bruce Goldsworthy, Manager of Advocacy Services for the Employers & Manufacturers Association (Northern) said manufacturers grew their exports over the past year by 6.8 per cent to reach $12.5 billion though the exchange rate moved against them in US dollar terms about 10 per cent, while their price competitiveness in Australia was whittled back 7.25 per cent.

"Exports of manufactured goods to the US increased 6.05 per cent to $1,874 million (September year, excluding dairy, meat, seafood and wool) and to Australia by 4.72 per cent to reach $4,632 million," Mr Goldsworthy said.

"The heightened competitiveness demonstrated by our exporters, particularly exporters of elaborately transformed products, is the underlying reason for the economy's sustained buoyancy. It must raise questions over our official productivity figures.

"With the housing boom settling on a plateau, and immigration declining, exporting manufacturers are meeting the challenge to keep the economy growing.

"Exporters of agricultural commodities lifted earnings substantially during the year as well though they are dependent on world market pricing, and other factors over which they have no influence including the weather.

"Demand offshore for our manufactured exports is largely reliant on kiwi skills, innovation, design, marketing and technical know how.

"The fastest growing market for manufactures has been Thailand which rose 30.7 per cent (for the September year end) to $95.7 million. The FTA with Thailand just signed should see this trade expand further.

"In the same period exports of kiwi made elaborately transformed products to China rose seven per cent to $428.5 million.

"The fastest growing exports to China are surprisingly not milk powder or meat products. They include sawn timber and wood products (up 32.5 per cent to $97.3m), electrical equipment up 30 per cent to $21.5m), industrial machinery and equipment (up 218 per cent to $22.3m.) and electronic equipment (up 50 per cent to $10.3m.)

"Some fast growing, less familiar manufactured export categories worldwide (October year end) include architectural aluminium products (up 73 per cent to $18.9 m), professional and scientific instruments (up 38.7 per cent to $151.6m), agricultural machinery (up 30 per cent to $166.4 m), pumps & compressors (up 51 per cent to $53.9m), prefabricated buildings (up 98 per cent to $25m), sheet metal furniture (up 83 per cent to $33m), mechanical machinery (up 11.6 per cent to $1,542m), and electrical machinery (up 9.5 per cent to $998m). Wine exports were up 22 per cent to $371m."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Westpac: Sets Out Plan To Go Cheque-Free

Westpac NZ has announced details of its plan to phase out cheques, after signalling in May that it would be supporting a move to other forms of payment. Cheques will cease to be available as a means of payment after 25 June 2021. Westpac NZ General ... More>>

ALSO:

NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>

ALSO:

Economy: Double-Dip Recession Next Year, But Housing Rolls On

New Zealand's economy is expected to slip back into recession early next year as delayed job losses, falling consumer spending, and the absence of international tourists bites into growth. More>>

ALSO:

Microsoft New Zealand: Microsoft Expands “Highway To A Hundred Unicorns” Initiative To Support Startups In Asia Pacific

New Zealand, 14 October 2020 – Today Microsoft for Startups launches the Highway to a Hundred Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where 56 startups were ... More>>

Fonterra: Farmers Taking Another Step Towards New Zealand’s Low Emissions Food Production

They’re hot off the press and intended to help take the heat out of climate change. Fonterra farmers are already among the world’s most sustainable producers of milk and now have an additional tool in their sustainability toolbox. Over the last few ... More>>

ALSO:



Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>

University of Canterbury: Proglacial Lakes Are Accelerating Glacier Ice Loss

Lake Tasman, New Zealand | 2016 | Photo: Dr Jenna Sutherland Meltwater lakes that form at glacier margins cause ice to recede much further and faster compared to glaciers that terminate on land, according to a new study. But the effects of these glacial ... More>>

ALSO:

Dairy: Fonterra Sells China Farms

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1), after successfully developing the farms alongside local partners. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited ... More>>

ALSO: