The value of imported goods rose NZD263 million (7.4 percent) to NZD3.8billion in April 2013, compared with April 2012, Statistics New Zealand saidtoday. Petroleum and products led the increase in imports, up NZD235 million,due to crude oil and diesel. Vehicles, parts, and accessories recorded thesecond-largest increase, up NZD68 million. "The value of goods importedrose on the back of petroleum imports, which can fluctuate depending on thetiming of shipments," industry and labor statistics manager LouiseHolmes-Oliver said. "The trade surplus has reduced compared with theprevious four April months." Exported goods rose NZD83 million (2.2percent) to NZD4.0 billion. Meat and edible offal led the rise, followed bypetroleum and products. The trade balance for April 2013 was a surplus of NZD157million (4.0 percent of exports). April months have been in surplus since 2009.After removing seasonal effects, exports decreased 8.6 percent in April 2013,compared with March 2013. Crude oil (which is not seasonally adjusted) led thisdecrease. Seasonally adjusted imports rose 1.5 percent in April 2013.
Source by Commodity Insights
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