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Canterbury Economic Indicators - Canterbury Earthquake Recovery ...

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International trade<br />

Analysis<br />

Trading volumes have rebounded from a slight dip in September 2012 and have continued to grow<br />

steadily since the earthquakes (figure 10). The total value of exports of merchandise trade going<br />

through Port of Lyttelton during 2012 was 24% higher than in 2010. Note, however, that some of this<br />

rise will be due to changes in the relative value of commodities.<br />

Figure<br />

10. Combined exports and imports index<br />

(index of three-month rolling averages of free on board values for merchandise trade of imports and exports where average<br />

2007 = 100, measured monthly)<br />

250<br />

200<br />

150<br />

100<br />

Lyttelton<br />

RoNZ seaports<br />

Christchurch airport<br />

RoNZ airports<br />

50<br />

0<br />

Interpretation notes: the exports included in this figure include re-exports. Note that planes flown into Christchurch<br />

International Airport from overseas for repairs are counted as imports and exports. This is likely to be a significant reason<br />

behind the spikes in September 2008 and March - September 2009. RoNZ = Rest of New Zealand<br />

Source: Statistics New Zealand and CERA (most recent data point: December 2012)<br />

6

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