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Overseas Merchandise Trade: March 2015
Embargoed until 10:45am  –  29 April 2015
Key facts

March 2015 quarter:

Values are seasonally adjusted and compared with the December 2014 quarter.

  • Exports fell 0.6 percent (to $12.2 billion).
  • Milk powder, butter, and cheese led the fall, down 9.7 percent ($305 million).
  • Imports fell 3.3 percent (to $13 billion).
  • The trade deficit was $490 million (4.0 percent of exports).

March 2015 month:

Values are actual and compared with the March 2014 month.

  • Exports fell 2.0 percent (to $4.9 billion), led by whole milk powder.
  • Imports rose 4.1 percent (to $4.3 billion).
  • Annual exports to Australia were higher than to China.
  • The trade surplus was $631 million (13 percent of exports).
  • The annual trade deficit was $2.4 billion, the highest since July 2009.

Liz MacPherson, Government Statistician
ISSN 1178-0320
29 April 2015

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