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Overseas Merchandise Trade: December 2014
Embargoed until 10:45am  –  29 January 2015
Key facts

December 2014 quarter:

Values are seasonally adjusted and compared with the September 2014 quarter.

  • Exports rose 0.9 percent (to $12 billion).
  • Meat and edible offal led the rise.
  • Imports showed little change, down 0.2 percent (to $13 billion).
  • There was a trade deficit of $904 million (7.4 percent of exports).
  • Exports trend has been falling, while imports trend continues to rise.

December 2014 month:

Values are actual and compared with the December 2013 month.

  • Exports fell 6.9 percent (to $4.4 billion), led by whole milk powder.
  • Imports rose 7.6 percent (to $4.6 billion). 
  • There was a trade deficit of $159 million (3.6 percent of exports).

December 2014 year:

Values are actual and compared with the December 2013 year.

  • Exports rose 4.3 percent (to $50 billion), led by milk powder.
  • China was our top export destination for the year ended December 2014.
  • Imports rose 6.0 percent (to $51 billion), led by aircraft and parts.

 

Liz MacPherson, Government Statistician
ISSN 1178-0320
29 January 2015

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