New Zealand Imports Continue To Ramp Up As End Of Year Approaches

The monthly value of goods imports in October 2021 rose 26 percent from October 2020 to 6.6 billion NZ dollars (4.54 billion U.S. dollars), New Zealand's statistics department Stats NZ said on Thursday

WELLINGTON, Nov. 25 (UrduPoint / Pakistan Point News - 25th Nov, 2021 ) :The monthly value of goods imports in October 2021 rose 26 percent from October 2020 to 6.6 billion NZ Dollars (4.54 billion U.S. dollars), New Zealand's statistics department Stats NZ said on Thursday.

There were increases in imports from all of New Zealand's top trading partners, with China making up 27 percent of the total rise, Stats NZ said.

This increase was led by rises in mechanical machinery and equipment, such as turbo jets and laptops, and vehicles, parts, and accessories, it said.

"These rises reflect both a rebound from the low import values in 2020, and an ongoing increase in the quantity and value of imports," international trade manager Alasdair Allen said in a statement.

Imports of fertilizers were up 78 percent. There was also a large increase in imports of pharmaceutical products, up 85 percent, led by imports of vaccines, Allen said.

The monthly value of goods exports in October 2021 rose 12 percent from October 2020 to 5.3 billion NZ dollars (3.64 billion U.S. dollars), he said.