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Overseas Merchandise Trade: February 2017
Embargoed until 10:45am  –  24 March 2017
Key facts

For February 2017 compared with February 2016:

Goods exports fell $232 million (5.5 percent) to $4.0 billion.

  • Excluding the export of a large drilling platform, goods exports showed little change, up $35 million (0.9 percent).
  • Milk powder, butter, and cheese rose $55 million (5.6 percent).
  • Meat and edible offal rose $28 million (4.4 percent).
  • Goods exports to China rose $47 million (6.3 percent).
  • Goods exports to the EU fell $44 million (9.6 percent).

Goods imports rose $154 million (4.0 percent) to $4.0 billion. 

  • Crude oil rose $101 million (59 percent).
  • Intermediate goods rose $112 million (7.0 percent).
  • Capital goods rose $41 million (5.7 percent).
  • Consumption goods fell $100 million (8.7 percent).
  • Goods imports from China fell $88 million (10 percent).
  • Goods imports from Australia fell $54 million (9.2 percent).

The monthly trade balance was a deficit of $18 million (0.5 percent of exports).

The trade weighted index rose 0.3 percent from January 2017.

Graph, Merchandise trade values, February months, February 2008 to February 2017.

Liz MacPherson, Government Statistician
ISSN 1178-0320
24 March 2017

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