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


Ships And Boats Keep Imports Afloat

Imports were up slightly in June 2020 mainly due to the arrival of the HMNZS Aotearoa, Stats NZ said today.

June imports included the naval vessel Aotearoa, which arrived in Auckland from Ulsan, South Korea, on 26 June. See HMNZS Aotearoa – A11 for more information about this vessel.

The value of total merchandise goods imports was little changed compared with June 2019, up $11 million (0.2 percent) to $4.6 billion in June 2020. A rise in imports of ships and boats was largely offset by continued falls in the imports of cars and other vehicles, as well as fuel.

“The arrival of the Navy’s newest and biggest ship has buoyed import totals for June,” international statistics manager Darren Allan said.

Excluding the large one-off import, the value of total goods imports in June 2020 was $4.2 billion, a fall of $384 million (more than 8 percent) from a year earlier.

“Without the Aotearoa, imports fell for the third consecutive month, following the start of the COVID-19 alert level 4 lockdown in New Zealand at the end of March,” Mr Allan said.

The biggest fall in imports in June 2020 was vehicles and parts. Car imports (new and used) fell $189 million; trucks and vans fell $67 million.

While imports of vehicles fell, registrations of cars bounced back in June 2020 to similar levels when compared with the same month last year. Imports of vehicles had a large fall in April 2020 amid the COVID-19 lockdown. See

Transport vehicle registrations: June 2020 – Infoshare tables


“The latest vehicle registration numbers indicate sales of vehicles may be recovering,” Mr Allan said.

“Given the continued low imports of vehicles, it seems the car sales are of existing stock, after demand fell during the lockdown period.”

The second largest fall in goods imports was in petroleum and products, down $217 million. Crude oil fell $215 million (66 percent), down in both quantity and price.

Imports down from US, up from China

Of New Zealand’s main trading partners, imports from the United States of America had the biggest fall in June 2020, down $111 million when compared with June 2019. Mechanical machinery and equipment (such as turbo-jet and turbo-propeller parts) led the fall, down $58 million (41 percent).

“With ongoing travel restrictions and international arrivals at a 61-year low, there’s less need for imports of aircraft parts,” Mr Allan said.

International arrivals in May lowest in 61 years has more information on traveller arrivals in May 2020.

Goods imports from China were up $97 million (10 percent) in June 2020 when compared with June 2019. The leading rises were electrical machinery and equipment (such as mobile phones) up $45 million, articles of plastic (such as disposable aprons) up $27 million, and textiles (such as face masks) up $23 million.

Total exports rise led by dairy

Higher milk powder exports and a recovery in log exports helped boost total exports in June 2020, up $107 million to $5.1 billion from June 2019.

Leading the rise was New Zealand’s biggest export commodity group, milk powder, butter, and cheese, up $90 million to $1.2 billion from last June.

Milk powder rose $108 million to reach $650 million, which was partly offset by a fall in milk fats including butter, down $38 million.

In contrast to the falls in previous months, quantities and values of log exports in June 2020 were up on June 2019, up 8.8 percent and 7.0 percent, respectively.

“Log exports slumped in April, when harvesting in New Zealand stopped as a non-essential service during the COVID-19 lockdown,” Mr Allan said.

“In contrast, quantities and values in June exceeded those of the same time last year.”

COVID-19 continues to impact on exports of breathing equipment, with increased ongoing need for respiration apparatus during the global pandemic. Exports of respiration equipment rose $44 million (123 percent) when compared with June 2019.

Monthly trade balance surplus in June

The monthly trade balance for June 2020 was a surplus of $426 million. Excluding the new vessel


, the trade balance surplus was $821 million.

© Scoop Media

Business Headlines | Sci-Tech Headlines


The Narrow Divide: New Poll Shows Tight Political Race For SME Votes

In a major turnaround following nearly a decade of MYOB election polls, Labour is currently the preferred political party of New Zealand’s SMEs, with 38% of SME owners and decision makers intending to vote red in the upcoming General Election, ... More>>

Reserve Bank: Further Easing In Monetary Policy Delivered

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain ... More>>

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>

Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>


Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>


NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>


Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>


FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>