Topics

Concept

Label
Goods and Services
Description

Goods and services are divided into separate components for goods and services. Goods comprise most movable goods that change ownership between New Zealand residents and non - residents. Separate entries are shown for general merchandise, goods for processing, repairs on goods, goods procured in ports by carriers, and non-monetary gold. Services comprise services traded between New Zealand residents and non-residents, together with some transactions in goods where, by international agreement, it is not practical to separate the goods and services components (eg goods purchased by travellers are classified to services).