imports Archive

• 

  Putting it on the national credit card

  
  
  
  The trade deficit hit $1.9 billion today.  Which using one of those ‘bringing it down to a scale you can comprehend’ metaphors means that you owe someone overseas $475 dollars for the stuff you bought this year. You can add that debt to the rest of the money you own from similar size debts you clocked [...] read more
  July 28, 2008 3:18 pm - 18 Comments
• 

  62,000 jobs or trade with China

  
  
  
  The latest statistics from our Overseas Merchandise Trade show that last year we exported $2.0 billion dollars worth of stuff to China. But we imported $5.6 billion dollars worth of stuff. That’s a total trade deficit of $3.6 billion with China alone (our trade deficit with the rest of the world tells a similar story) [...] read more
  March 24, 2008 1:19 pm - 28 Comments
• 

  $1.5 billion trade debt with little old Singapore. China is next

  
  
  
  I said one of the outstanding questions around preferential trade agreement with China was the economic impact it would have on New Zealanders. In 2001 New Zealand signed a preferential trade agreement with Singapore. Check out what it did for our balance of trade: TRADE WITH SINGAPORE Merchandise exports ($ m) Merchandise imports ($m) Merchandise trade balance [...] read more
  March 20, 2008 11:47 am - 13 Comments
• 

  Exporting climate change

  
  
  
  Statistics New Zealand’s release today of Overseas Merchandise Trade for the month of December 2007 reveals the incredible statistic that dairy exports (milk powder, butter and cheese) rose 76.9% from the previous December to exceed $1 billion for a single month, for the first time ever. Our third biggest export for the month of December (after [...] read more
  January 31, 2008 12:30 pm - 6 Comments