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Overseas Merchandise Trade: February 2010
Embargoed until 10:45am  –  26 March 2010
Highlights

For the month of February 2010 compared with February 2009 unless otherwise stated:

  • Merchandise imports were up 1.3 percent ($37 million) to $3.0 billion.
  • Crude oil led the increase in imports.
  • Excluding crude oil, imports were down 6.1 percent ($173 million).
  • Imports of electrical machinery and equipment, aircraft and parts, and mechanical machinery and equipment were notable downward contributors.
  • The level of the imports trend has increased 7.9 percent since September 2009, but is still 19.6 percent lower than its peak in September 2008.
  • Merchandise exports were down 3.6 percent ($124 million) to $3.3 billion.
  • Meat and edible offal, casein and caseinates, and mechanical machinery and equipment led the fall in exports.
  • The level of the exports trend appears to have been rising in recent months, although more data points are required to confirm the direction.
  • The trade balance was a surplus of $321 million (9.7 percent of exports). 

     Graph: Merchandise trend values
Geoff Bascand 26 March 2010
Government Statistician ISSN 1178-0320

 

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