Imports Of Transportation Services Pick Up

The value of imported international transportation services was $1.7 billion in the September 2024 quarter, according to data released by Stats NZ today.

QuarterExportImport
Jun-14540812200956908184
Sep-14564465000977176752
Dec-146897240001068596027
Mar-15806217151966397463
Jun-15587113100952401762
Sep-156020386351033276474
Dec-157450490001073561508
Mar-16858266000959323918
Jun-16577573000918732464
Sep-16626570900985441258
Dec-167769070001049781793
Mar-178965790001019841168
Jun-176757880001044763077
Sep-176801609001076215237
Dec-178261219001168344256
Mar-189803601001076202827
Jun-186976441001155199686
Sep-187392309341252270027
Dec-189024721831289694095
Mar-1910312495151207808786
Jun-197561316711217328155
Sep-197621477391296757122
Dec-199473687301311771919
Mar-209853108701132278511
Jun-20326265000624403316
Sep-20324545000681162391
Dec-20357005000781647607
Mar-21350950000824203327
Jun-21373996000983245028
Sep-213773840001303191868
Dec-213759350001532677610
Mar-223888230001495644447
Jun-225048540001812331470
Sep-226893800002363257598
Dec-229266840002330434220
Mar-2310950592301969389049
Jun-238232820001597777077
Sep-238838080001661841679
Dec-2310034080001601193669
Mar-2411153760001522310322
Jun-248776370001505001644
Sep-248483850001673254293

Transportation services comprise expenditures for carrying goods and people into and out of New Zealand, other supporting services, as well as postal and courier services.

New Zealand spending on transportation services in the September 2024 quarter was slightly up ($11 million or 0.7 percent) compared with the September 2023 quarter. The two main components of transportation services, sea and air transportation, had contrasting movements over the same period.

Imported air transport services values were up $41 million, while sea transport was down $28 million when compared with the same quarter last year.

Sea transport services include freight and other sea transport. Air transport services include passenger (international airfares), freight, and other air transport.

QuarterSeaAir
Jun-14463519134467789050
Sep-14488527741463975011
Dec-14529719263512686764
Mar-15462534577481450886
Jun-15478406775449433987
Sep-15545722337463059137
Dec-15531511617515570891
Mar-16464187084474536834
Jun-16435831241459206223
Sep-16450994003511712255
Dec-16451374802572081991
Mar-17441087422559883746
Jun-17453288067567995010
Sep-17463924912590413325
Dec-17519732395621972861
Mar-18456102936597490891
Jun-18500915098627908588
Sep-18544792032680262995
Dec-18576382874687220221
Mar-19530888087657606699
Jun-19509875354680981801
Sep-19553509582717901540
Dec-19586219098701105821
Mar-20561437321548756190
Jun-20455667440142413876
Sep-20477837107177624284
Dec-20546183895201466712
Mar-21621698162177928165
Jun-21687356145251882883
Sep-211004508846248256022
Dec-211214014102270663508
Mar-221071478395379923052
Jun-221209000517553204953
Sep-221538359405769725193
Dec-221505033208771561012
Mar-231136080515788661534
Jun-23814706688734500389
Sep-23817349422794009257
Dec-23750070136800024533
Mar-24663324052819115270
Jun-24682322652782871992
Sep-24789188441834731852

Sea transport's main category is sea freight while air transport's main category is passenger air transport.

"New Zealand spending on sea freight and passenger air transport increased compared with June," international accounts spokesperson Viki Ward said.

"September quarters have typically been the peak period for New Zealand residents to travel overseas."

Sea transport imports increased 16 percent during the September 2024 quarter compared with the June 2024 quarter compared with the 0.3 percent rise in the same quarter last year.

The corresponding movement for air transport imports was an increase of 6.6 percent during the September 2024 quarter, slightly lower than the 8.1 percent increase in the September quarter last year.

The transportation import price index rose 21 percent in September 2024 quarter compared with the September 2023 quarter.

Total services imports were valued at $8.5 billion in the September 2024 quarter.

/Stats NZ Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.