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Overseas Merchandise Trade: March 2011
Embargoed until 10:45am  –  29 April 2011
Highlights

March 2011 quarter:

Values are seasonally adjusted and compared with the December 2010 quarter unless otherwise stated.

  • Exports increased 3.2 percent to $11.6 billion.
  • Milk powder, butter, and cheese recorded the largest increase in export values.
  • The trend for exports has reached a new high. 
  • Imports increased 8.9 percent to $12.0 billion.
  • The trend for imports is still below its peak of September 2008.
  • There was a trade deficit of $428 million (3.7 percent of exports).

 

 

March 2011 month: 

Values are actual and compared with the March 2010 month unless otherwise stated. 

  • Exports were up $454 million (11 percent) to $4.5 billion.
  • Milk powder, butter, and cheese exports recorded the largest increase.
  • Imports were up $598 million (17 percent) to $4.1 billion.
  • Aircraft and parts imports recorded the largest increase.
  • There was a trade surplus of $464 million (10 percent of exports).
 Graph, Merchandise trend values, quarterly.  
Geoff Bascand 29 April 2011
Government Statistician ISSN 1178-0320
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