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

 

Trade with APEC - year ended June 1999

Trade with APEC countries accounted for 69 per cent of New Zealand's exports of goods and 72 per cent of New Zealand's imports of goods in the year ended June 1999. During the last five years, trade with APEC countries has contributed a reasonably stable proportion of New Zealand's total merchandise trade.
APEC stands for Asia-Pacific Economic Co-operation and is a grouping of regional economies set up in November 1989 with 12 founding members including New Zealand and several of our main trading partners. A further nine countries have since joined.

For the year ended June 1999, provisional merchandise exports to APEC countries totalled $15,650 million. Three countries accounted for 69 per cent of this export value. Australia at 31 per cent was the main export market followed by the United States of America at 19 per cent and Japan at 18 per cent. The main commodities exported were milk powder, butter and cheese at 14 per cent, wood and wood articles at nine per cent and meat and edible offal at nine per cent.
For the same year, provisional merchandise imports from APEC countries totalled $17,417 million. As for exports there were three countries which dominated, accounting for 73 per cent of this import value. Australia at 31 per cent was the main source of imports followed by the United States of America at 25 per cent and Japan at 18 per cent. The main commodities imported were mechanical machinery at 15 per cent, vehicles, parts and accessories at 14 per cent and electrical machinery at 10 per cent.

The provisional merchandise trade balance with APEC countries for the year ended June 1999 was a deficit of $1,768 million compared with a deficit of $1,149 million for the previous June year.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Frog Recruitment: Kiwi Workers Reluctant To Make Business Trips Across The Ditch Despite Trans-Tasman Bubble Opening

When the trans-Tasman travel bubble opens today, many Kiwi companies won't be rushing to buy an air ticket, reluctant to cross the ditch to do business. The latest survey conducted by leading recruitment agency, Frog Recruitment of nearly 1,000 New Zealand ... More>>

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

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>>


Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

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>>