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

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

  • The trade balance was a surplus of $269 million (8.5 percent of exports), the highest January trade surplus recorded as a percentage of exports since 1989. 
  • Merchandise exports were valued at $3.2 billion, down $19 million (0.6 percent).
  • Merchandise imports were valued at $2.9 billion, down $390 million (11.9 percent).
  • Exports recorded mixed results, with casein and caseinates; cereals, flour, and starch; and meat and edible offal recording large declines. Crude oil and milk powder, butter, and cheese recorded large rises.
  • Mechanical machinery and equipment, and electrical machinery and equipment led the imports decline.
  • The trend indicates that total merchandise exports appear to have been rising in recent months, although more data points are required to confirm the direction.
  • The imports trend has increased 4.4 percent since September 2009, but it is still 22.1 percent lower than its peak in August 2008.


 Graph, Merchandise Trend Values

Vince Galvin 26 February 2010
Acting Government Statistician ISSN 1178-0320

 

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