export tagged posts
March 26, 2015 New Zealand Finance
The tumbling price of dairy products has reduced the total value of New Zealand exports over the month of February.
Exports coming out of New Zealand fell to a level of NZD 3.9 billion in the month of February, down by approximately NZD 608 million compared to the same period in 2014, according to information in a new statement issued by Statistics New Zealand.
The fall was led by significant drops in the export of milk powder, butter and cheese, which fell by 41 percent compared to the previous year, a level NZD 647 million lower than in 2014.
The drop has been attributed to a 10 percent decrease in the volume of food exported, and a significant drop in the price received for the exports.
Offsetting the poor performance of the dairy exports, the value and quantity of meat exported rose ...Read More
March 6, 2012 New Zealand Finance
The wet weather seen across New Zealand this summer has proved to be a positive for local farmers, as the damp conditions boosts agricultural output to record high levels.
Over the last 12 month the export value from the country’s key agricultural export industries has grown by NZD 2.6 billion, according to new research conducted by the Federated Farmers and released on March 5th.
According to the president of Federated Farmers Bruce Wills the recent spout of bad weather has provided good conditions for agricultural production and quantities of export products. He said that the biggest growths were seen in the dairy, meat, wood, fruit, fish and wine industries, as they benefit the most from increased quantities of rain and grass growth.
Bruce Wills added that in December 2011 10 percent...Read More
The New Zealand trade deficit for the month of November reached 14.1% of exports, according to figures released by Statistics New Zealand on the 7th of January.
The trade deficit is defined as the excess imports of a country over their respective exports. In the November of 2009, the deficit figure for New Zealand reached $520 million, or 14.1 % of the exports. The average November trade deficit figure for the previous five years has been 27.7% of the export figure.
Despite this, some analysts are still predicting a relatively gloomy situation for New Zealand in the near future. Dominantly this view is supported by the contraction of global markets and falls in commodity prices...Read More