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Overseas Merchandise Trade: March 2009
Embargoed until 10:45am  –  29 April 2009
Highlights

March 2009 quarter:

Values are seasonally adjusted and compared with the December 2008 quarter unless otherwise stated.

  • Exports decreased 4.0 percent to $10.8 billion.
  • Despite increased quantities, over half of the exports decrease was due to lower prices for milk powder, butter and cheese.
  • Imports decreased 12.8 percent to $10.9 billion.
  • Imports of intermediate goods showed significant decreases, led by crude oil.
  • As a percentage of exports (0.6 percent), the trade balance was the smallest deficit since the June 2002 quarter.

March 2009 month:

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

  • Exports were valued at $4.0 billion, up $607 million or 17.7 percent.
  • Aircraft and parts, and meat and edible offal were among the more notable export increases.
  • Imports increased 6.9 percent, led by mechanical and electrical machinery and equipment.
  • The trade balance was a surplus of $324 million (8.0 percent of exports).
Graph, Merchandise Trend Values.
 
Geoff Bascand 29 April 2009
Government Statistician ISSN 1178-0320
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