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25 November 2005 Aircraft Lift Imports

Overseas Merchandise Trade: October 2005

25 November 2005 Aircraft Lift Imports

Imports of merchandise goods for October 2005 increased $316 million (10.4 percent) compared with October 2004 and are provisionally valued at $3,341 million, Statistics New Zealand said today. Driving the increase were higher values for aircraft and parts, valued at $330 million. This value is due primarily to the import of two aircraft.

Exports of merchandise goods for October 2005 are provisionally valued at $2,459 million, which is $30 million (1.2 percent) lower than for October 2004. The main contributors to the reduced exports value were wood and wood articles; aircraft; and ships and boats. Partly offsetting these was a higher value for meat.

The trade balance for the October 2005 month is a deficit of $882 million, or 35.9 percent of exports. The size of the deficit has decreased for two consecutive months. The average trade balance for an October month for the past 10 years is a deficit of $462 million (20.2 percent of exports).

ENDS

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