1 Updates
New Zealand posts trade surplus
Photo Credit: Phil Walter, Getty Images

New Zealand posts trade surplus

Jul 24 2013, 3:34am CDT | by IANS

Wellington, July 24 (IANS) New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, the government statistics agency announced Wednesday.

Wellington, July 24 — New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, the government statistics...

Filed under: news

Full Story below YouTube Videos

 
 

 

38 weeks ago

New Zealand posts trade surplus

Jul 24 2013, 3:34am CDT | by IANS

Wellington, July 24 (IANS) New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, the government statistics agency announced Wednesday.

Wellington, July 24 — New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, the government statistics agency announced Wednesday.

Export values in June fell by 161 million NZ dollars ($128.29 million), or 3.9 percent, compared with June 2012, and imports decreased 286 million NZ dollars, or 7.4 percent, leaving a trade surplus of 414 million NZ dollars, or 10 percent of exports, reported Xinhua.

Petroleum and products imports fell by 25 percent, or 186 million NZ dollars, from June last year, led by falls in diesel and crude oil.

Meanwhile, export values of milk powder, butter, and cheese fell 139 million NZ dollars, or 14 percent, to 838 million NZ dollars, with quantities down 26 percent.

China showed the largest increase in exports, up 106 million NZ dollars, or 18 percent, led by frozen lamb cuts and pine logs.

The value of exported goods fell 4.7 percent to 11 billion NZ dollars in the June quarter, following a rise of 0.4 percent in the March quarter, according to Statistics New Zealand.

"Dairy and meat exports led the fall, with values and quantities down for both," industry and labour statistics manager Louise Holmes-Oliver said in a statement.

The value of imported goods increased 1 percent to 11.6 billion NZ dollars in the June quarter, leaving a trade deficit of 669 million NZ dollars, or 6.1 percent of exports, following a deficit of 14 million NZ dollars for the March quarter.

IANS

Source: IANS

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

KT Designs, LLC Appoints New Client Relations Officer
KT Designs, LLC Appoints New Client Relations Officer
KT Designs, LLC (www.kt-designs.org) has announced today that David Greenlees, former Congressional Liaison for the US Marine Corps’ (USMC) Office of Legislative Affairs, is joining the firm on April 21, 2014. Among his responsibilities, Mr. Greenlees will serve as KT Designs’ Client Relations Officer.
 
 
Coville to Feature Fabrics and Apparel Manufacturing Services at Texprocess Americas
Coville to Feature Fabrics and Apparel Manufacturing Services at Texprocess Americas
The knit fabric and private label apparel manufacturer will showcase its performance and protective fabrics, contract and full package apparel services in Booth #3414 at the May 13-15 event in Atlanta.
 
 
High court to hear dispute about TV over Internet
WASHINGTON (AP) — Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big media companies are back and now trying to rein in another technological innovation they say...
 
 
Mr. Rooter of Tupelo Receives Third Consecutive Talk of the Town Award
Tupelo plumbing contractor earns high marks from satisfied customers, winning it the Talk of the Town Award for a third straight year.
 
 
 

Latest from the Network

KT Designs, LLC Appoints New Client Relations Officer
Washington, DC, April 21, 2014 --(PR.com)-- KT Designs, LLC (www.kt-designs.org) has announced today that David Greenlees, former Congressional Liaison for the US Marine Corps’ (USMC) Office of Legislative...
Read more on Business Balla
 
KT Designs, LLC Appoints New Client Relations Officer
Washington, DC, April 21, 2014 --(PR.com)-- KT Designs, LLC (www.kt-designs.org) has announced today that David Greenlees, former Congressional Liaison for the US Marine Corps’ (USMC) Office of Legislative...
Read more on Ad Balla
 
Coville to Feature Fabrics and Apparel Manufacturing Services at Texprocess Americas
Winston-Salem, NC, April 21, 2014 --(PR.com)-- Coville, Inc., a vertically-integrated domestic provider of innovative knits and apparel, will feature its complete range of apparel component and supply chain services...
Read more on Business Balla
 
High court to hear dispute about TV over Internet
WASHINGTON (AP) — Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big media companies are back and now trying to rein in another technological innovation they say...
Read more on Business Balla
 
Taylor Momsen's parents don't 'care' about nudity
Taylor Momsen claims her parents don't "care" she gets naked and wears provocative clothing. The 20-year-old singer, who stripped off for the cover of her Pretty Reckless album 'Going To Hell' and also appeared naked in...
Read more on Celebrity Balla
 
Ashley Roberts is addicted to tea
Ashley Roberts has become addicted to tea since moving to the UK. The former Pussycat Doll never used to drink the hot beverage before moving over to London from the US permanently last year, but has become so engrained...
Read more on Celebrity Balla
 
Mr. Rooter of Tupelo Receives Third Consecutive Talk of the Town Award
Tupelo, MS, April 21, 2014 --(PR.com)-- With a 4.5 star rating in 2014, Mr. Rooter of Tupelo has earned its third straight Talk of the Town Customer Satisfaction Award in the Contractors — Plumbing Contractors...
Read more on Business Balla
 
Agritech Expo in Zambia This Month Was "a Realised Dream for ZNFU and All the Farmers"
Chisamba, Zambia, April 21, 2014 --(PR.com)-- Agritech Expo “was a realised dream for ZNFU and all the farmers,” says Dr Evelyn Nguleka, President of the Zambia National Farmers’ Union, following the...
Read more on Business Balla
 
Award Winning Personal Injury and Wrongful Death Lawyer John Phillips Expands His Practice to Add Criminal Defense
Jacksonville, FL, April 21, 2014 --(PR.com)-- John Phillips has many million dollar verdicts and settlements to his credit in cases ranging from soft tissue injuries to brain damage cases, as well as many defense...
Read more on Business Balla
 
The Browning Homes Group Sells a Shannon Station Home in 2 Days for Record Breaking Price
West Springfield, VA, April 21, 2014 --(PR.com)-- The Browning Homes Group, a real estate team that specializes in West Springfield, just went to settlement on a townhouse they sold in 2 days. This home was listed for...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla