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Overseas Merchandise Trade: July 2011
Embargoed until 10:45am  –  24 August 2011
Highlights

For the month of July 2011 compared with July 2010:

  • Merchandise exports were up $166 million (4.7 percent) to $3.7 billion.
  • Milk powder, butter, and cheese had the largest increase, up $72 million.
  • Merchandise imports were down $149 million (4.0 percent) to $3.6 billion.
  • The decrease in imports was led by petroleum and products, down $97 million.
  • There was a trade surplus of $129 million – the first July surplus since 1991.
  • The trend for exports has increased 30 percent since the most recent low point in October 2009 and continues to reach new highs.
  • The trend for imports has increased 20 percent since the most recent low point in September 2009, but is still 9.9 percent below its overall peak in September 2008.
     
     Graph, Merchandise trend values, monthly, June 2005 to July 2011.
Dallas Welch (Mrs) 24 August 2011
Acting Government Statistician ISSN 1178-0320
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