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Overseas Merchandise Trade: August 2011
Embargoed until 10:45am  –  26 September 2011
Highlights

For the month of August 2011 compared with August 2010:

  • Merchandise imports were up $523 million (15 percent), to $4.1 billion.
  • The increase in imports was led by petroleum and products, up $206 million.
  • Merchandise exports were up $313 million (10 percent), to $3.4 billion.
  • Meat, crude oil, and dairy commodities led the rise in exports (all up by a similar amount).
  • There was a trade deficit of $641 million (19 percent of the value of exports).
  • The trend for import values has been flat since March 2011.
  • The trend in export values has increased 26 percent since its most recent low point in October 2009. 
     Graph, Merchandise trend values, monthly, June 2005 to August 2011.
Geoff Bascand 26 September 2011
Government Statistician ISSN 1178-0320
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