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Best year ever for imports

2017 was the best year ever for imports with 331,641 new and used passenger and commercial vehicles entering the country – a 10.2 per cent increase compared to the 300,976 that arrived in 2016.

This was down to vehicle import numbers increasing in three out of the four import categories last year:

Used car imports accumulated to a massive 171,543 for 2017 – the highest it has ever reached. This was an increase of 12.4 per cent on 2016’s total of 152,676. 

New light commercials also had a stellar year with a 26 per cent increase on 2016, from 29,852 to 37,614 units. 

New passenger vehicle imports were also up with 115,019 units imported into the country in 2017 – an increase of 3.7 per cent on 2016 when 110,940 crossed the border. 

Used light commercial vehicles was the only segment to decrease in numbers, with 7,465 units imported – a 0.6 per cent decrease year on year compared to 2016. 

For the month of December, 13,097 used cars were imported, with Japan taking a 93.78 per cent of the monthly share – with 12,283 vehicles imported. Australia followed with 435 and a 3.32 per cent monthly share. Meanwhile, 150 vehicles were imported from Great Britain, with 1.15 per cent share of the monthly aggregation in used passenger vehicles.
 
Imports from Japan made the biggest gains in 2017 – monthly averages were some of the highest we had ever seen, with a huge 18,426 vehicles being imported back in March. 

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New customs agreement to build EU trade

The agreement means accredited companies will eventually be allowed faster clearance into NZ

A new Customs Cooperation Agreement between New Zealand and the EU was signed on Tuesday.

The agreement will “strengthen cooperation with the European Union in such areas as Customs procedures and supply chain security and risk management,” according to a statement released by the Minister of Customs, Tim Macindoe.

The general objective of the agreement is to “develop and intensify cooperation and mutual administrative assistance in customs matters with New Zealand,” and is intended to improve the legal framework and existing supply chain between the EU and New Zealand.

Similar agreements have been signed between the EU and the US, China, Japan, Korea, India, Canada, and Hong Kong.

“The Agreement also represents a necessary first step towards agreeing a mutually recognised secure trade scheme, which will ultimately allow accredited companies faster clearance of exports into the European Union and New Zealand,” said Macindoe.

The EU is New Zealand’s third-largest trading partner, and was the top imports provider to New Zealand last year, worth $11.7 billion. Vehicle imports totalled $1.9 billion in 2016, and the EU imported nearly 45,000 cars into the country.

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Vehicle imports rebound in May

A total of 16,666 used passenger vehicles crossed the border last month, a 32 per cent increase compared to May 2016.

So far, 73,692 used cars have been imported into New Zealand during the year to date.

As usual, the vast majority of used imported vehicles came from Japan, 15,727 units entered New Zealand which is a 27.9 per cent rise on April’s imports and 32.7 per cent up on the same month last year when 12,563 used cars came in.

There was also an increase in used cars coming in from Britain and Australia, when compared to May 2016 – British imports rose 160.3 per cent to 190 units, and Australia sent 519 used cars, up 31.4 per cent.

It was also a good month for new passenger vehicles, with imports up 18 per cent on May last year to 9,655 units, the best figures since December 2016.

Year to date, 43,690 new cars have been imported into New Zealand, compared to 38,237 for the same period last year, an increase of 14.3 per cent.

In terms of light commercial vehicle imports, used increased 40 per cent from 438 last May to 614 units last month. New light commercial imports rose 22.1 per cent from 2309 in May 2016 to 2,819 units last month.

 

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Freight backlog being cleared

Freight companies have been forced to book coastal shipping companies to deal with backlogs, due to the recent series of earthquakes. (more…)

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