Home / Knowledge / News / Textiles / July exports high, but trend easing
July exports high, but trend easing
26
Aug '08
Merchandise exports were valued at $3.4 billion in July 2008, up $781 million (29.6 percent) on July 2007, while merchandise imports were up $754 million (21.9 percent) to $4.2 billion over the same period, Statistics New Zealand said.

The exports trend has eased in recent months, following a period of strong growth in the second half of 2007. A fall in seasonally adjusted dairy volumes in the first two quarters of this year, due to the recent drought, has partly offset the influence on the trend of the substantial increase in crude oil exports over the past year. The imports trend has increased strongly since the middle of 2007.

Petroleum and products (up $292 million), led by crude oil, was the biggest increase for imports compared with July 2007. The next largest increase came from mechanical machinery, up $82 million.

In July 2008, the monthly trade balance was a deficit of $781 million, or 22.8 percent of exports. Trade deficits for July months have been over 20 percent of exports for the last four years. The last trade surplus for a July month was in 1991.

Statistics New Zealand


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search