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Vehicles and petroleum contribute to large import month
July 2021 saw large increases in both vehicle and petroleum imports, resulting in a significant increase in the total value of imports, Stats NZ said today.
Total merchandise goods imports for July 2021 rose $1.6 billion (35 percent) compared with July 2020, to reach $6.2 billion. The largest contributor to this rise was vehicles, parts, and accessories, up $555 million to $919 million.
This large increase in vehicle imports is partly due to July 2020 having the lowest value of imports of vehicles for any July month in the past decade.
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- Vehicles and petroleum contribute to large import month
- Overseas merchandise trade: July 2021
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