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Overseas Merchandise Trade: December 2009
Embargoed until 10:45am  –  29 January 2010
Highlights

December 2009 quarter:

Values are seasonally adjusted and compared with the September 2009 quarter unless otherwise stated.

  • Exports decreased 2.8 percent to $9.2 billion, the fourth consecutive quarterly decrease.
  • Milk powder, butter, and cheese, and crude oil dominated the fall in exports.
  • Imports decreased 3.2 percent to $9.4 billion, the fifth consecutive quarterly decline.
  • The decline in imports was led by falls in capital goods and intermediate goods.
  • The trade balance was a deficit of $170 million (1.8 percent of exports).

December 2009 month:

Values are actual and compared with the December 2008 month unless otherwise stated.

  • Exports were down 11.3 percent ($433 million) to $3.4 billion.
  • Milk powder, butter, and cheese showed the largest decrease.
  • Imports decreased 18.6 percent ($776 million) to $3.4 billion.
  • Mechanical machinery and equipment, and vehicles, parts, and accessories led the fall in imports.
  • The decline in the export and import trends appears to have eased in recent months. 
  • The trade balance was a surplus of $2 million (0.1 percent of exports). 
     

 Graph, Merchandise Trend Values, quarterly
Geoff Bascand 29 January 2010
Government Statistician ISSN 1178-0320
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