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Overseas Merchandise Trade: June 2009
Embargoed until 10:45am  –  28 July 2009
Highlights

 June 2009 quarter:

Values are seasonally adjusted and compared with the March 2009 quarter unless otherwise stated.

  • Exports decreased 5.4 percent to $10.2 billion, the second consecutive quarterly decrease.
  • The value of dairy products showed the largest decrease, despite quantities increasing significantly.
  • Imports decreased 3.4 percent to $10.4 billion. Without one-off imports, this quarter's imports would have fallen 8.7 percent.
  • Imports of intermediate goods made the largest contribution to the decrease.
  • The trade balance was a deficit of $217 million (2.1 percent of exports).

 June 2009 month:

Values are actual and compared with the June 2008 month unless otherwise stated.

  • Exports were valued at $3.2 billion, down $395 million or 11.0 percent.
  • Crude oil, and milk powder, butter, and cheese were the largest export decreases.
  • Imports were valued at $3.6 billion, down $192 million or 5.1 percent, despite the one-off import of several large aircraft valued at $571 million.
  • The trade balance was a deficit of $417 million (13.1 percent of exports). With one-offs removed, the trade balance would have been a surplus of $154 million (4.8 percent of exports).

 Graph, Merchandise trend values, quarterly.
Cathryn Ashley-Jones 28 July 2009
Acting Government Statistician ISSN 1178-0320
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