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Overseas Merchandise Trade: June 2017
Embargoed until 10:45am  –  26 July 2017
Key facts

June 2017 quarterly values are seasonally adjusted and compared with the March 2017 quarter.

  • Goods exports rose 9.9 percent, to $13.5 billion.
  • Milk powder, butter, and cheese dominated the rise in exports, up 22 percent ($679 million); quantity was up 20 percent.
  • Goods imports rose 2.9 percent, to $14.0 billion.
  • Capital goods led the rise in imports, up 9.7 percent ($259 million).
  • Intermediate goods rose 3.6 percent ($202 million).
  • Consumption goods rose 1.2 percent ($42 million).
  • Quarterly trade deficit was $479 million (3.5 percent of exports).
  • Thirteen consecutive quarterly trade deficits since March 2014.

June 2017 monthly values are actual and compared with the June 2016 month. 

  • Goods exports rose $454 million (11 percent) to $4.7 billion.
  • Milk powder, butter, and cheese led the rise, up $372 million (45 percent).
  • Meat and edible offal rose $29 million (4.9 percent).
  • Exports to China rose $210 million (26 percent).
  • Goods imports rose $319 million (7.7 percent).
  • Passenger motor cars led the rise in imports, up $118 million (31 percent) to reach $505 million.
  • Monthly trade surplus was $242 million (5.1 percent of exports).

Graph, Merchandise trade values, exports, imports, and trade balance, June years 2008 to 2017.

Teresa Dickinson, Acting Government Statistician
ISSN 1178-0320
26 July 2017

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