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

 

Export Volumes Up, Prices Down

11 December 2006

Export Volumes Up, Prices Down

The seasonally adjusted merchandise export volumes index rose 5.2 percent in the September 2006 quarter, Statistics New Zealand said today. This follows an increase of 0.5 percent in the June 2006 quarter. The food and beverages index (up 8.1 percent) was the main contributor to the rise and was at a record high. Meat, and fruit and vegetables contributed the most to the rise in food and beverages volumes.

Merchandise export prices fell 0.8 percent in the latest quarter, with falling prices for dairy products (down 3.8 percent) and aluminium (down 2.1 percent) being the primary commodity drivers. Partly offsetting these falls was a 1.5 percent rise in meat product prices.

The seasonally adjusted merchandise import volumes index rose 1.6 percent in the September 2006 quarter, following falls in the previous two quarters. The intermediate goods index (up 5.9 percent) was the main contributor, with crude oil responsible for most of this increase. Excluding fuel imports, total import volumes would have risen by 0.3 percent.

Merchandise import prices increased for the sixth consecutive quarter, with a 1.1 percent rise in the September 2006 quarter. Price increases for petroleum and plastic products were the main reasons for the rise. Annually, the merchandise import price index rose 12.0 percent in the year to the September 2006 quarter.

As a result of rising import prices, coupled with falling export prices, the merchandise terms of trade recorded a 1.9 percent fall in the September 2006 quarter compared with the June 2006 quarter.

Brian Pink

Government Statistician

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>


Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>

LPG Association: Renewable LPG Achieves Emissions Budgets With No Need To Ban New LPG Connections

Renewable LPG can supply New Zealand’s LPG needs and achieve the emissions reductions proposed by the Climate Commission without the need to ban new connections, a new study shows. The investigation, by leading consultancy Worley, was prepared for the ... More>>