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Overseas Merchandise Trade: March 2012
Embargoed until 10:45am  –  30 April 2012
Key facts

March 2012 quarter:

Values are seasonally adjusted and compared with the December 2011 quarter unless otherwise stated.

  • Exports were down 6.0 percent to $11.4 billion.
  • The decrease was led by falls in the values of milk powder, butter, and cheese; crude oil; and fruit exports.
  • The trend for exports has fallen in the last two quarters.
  • Imports were up 3.0 percent to $12.2 billion.
  • The trend for imports is 2.7 percent lower than its peak in the September 2008 quarter. 
  • There was a trade deficit of $787 million (6.9 percent of exports).

  

 

March 2012 month:

Values are actual and compared with the March 2011 month unless otherwise stated.

  • Exports were down $400 million (8.7 percent) to $4.2 billion.
  • Milk powder, butter, and cheese recorded the largest decrease, down $179 million.
  • Imports were up $48 million (1.2 percent) to $4.1 billion.
  • There was a trade surplus of $134 million (3.2 percent of exports).

 Graph, Merchandise trend values, quarterly, March 2006 to March 2012.  

Geoff Bascand 30 April 2012
Government Statistician ISSN 1178-0320
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