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Overseas Trade Performance—Reports

Tuesday 4 March 2008 Hansard source (external site)

Gallagher7. MARTIN GALLAGHER (Labour—Hamilton West) Link to this
to the Minister of Trade

Has he received any reports on New Zealand’s overseas trade performance?

GoffHon PHIL GOFF (Minister of Trade) Link to this

Yes. Last week Statistics New Zealand released the most recent figures for New Zealand’s merchandise trade. The January figures saw our exports reach the highest-ever level for January. Merchandise exports reached $3.1 billion, 24 percent or nearly $600 million up on the equivalent figures for January 2007.

GallagherMartin Gallagher Link to this

Has the Minister seen any commentary on overall trends in recent trade figures?

GoffHon PHIL GOFF Link to this

Yes, I have seen this report from the BNZ Economy Watch entitled “Trade Picture Developing Nicely”, dated 29 February. The report states that “The broad themes in recent merchandise trade releases have been of solid export performance, easing import demand, and—as a result—steady improvements in the trade balance.” The report goes on to say that “January’s figures, out this morning, proved no different, with the annual deficit improving for the sixth consecutive month”.

GallagherMartin Gallagher Link to this

What has been the impact of this export growth on New Zealand’s trade balance?

GoffHon PHIL GOFF Link to this

There has been a marked trend in the right direction. The year to January 2008 saw the deficit reduced to $4.8 billion, an improvement of $1.2 billion on January 2007 and of $2.2 billion on January 2006.

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