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Overseas Merchandise Trade: March 2017
Embargoed until 10:45am  –  28 April 2017
Key facts

March 2017 quarterly values are seasonally adjusted and compared with the December 2016 quarter.

  • Goods exports rose 2.4 percent, to $12.2 billion.
  • Meat and edible offal led the rise in exports, up 12 percent ($165 million).
  • Goods imports rose 4.4 percent, to $13.6 billion.
  • Intermediate goods led the rise in imports, up 9.9 percent ($501 million).
  • Consumption goods rose 3.4 percent ($115 million).
  • Capital goods fell 10 percent ($309 million).
  • Quarterly trade deficit was $1.4 billion (11 percent of exports).
  • Twelve consecutive quarterly trade deficits since March 2014.

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

  • Goods exports rose $446 million (11 percent) to $4.6 billion.
  • Milk powder, butter, and cheese led the rise, up $250 million (29 percent).
  • Meat and edible offal rose $32 million (4.9 percent).
  • Lamb was up $82 million (26 percent), while beef fell $55 million (21 percent).
  • Exports to China rose $326 million (43 percent).
  • Goods imports rose $303 million (7.6 percent).
  • Passenger motor cars led the rise in imports, up $129 million (35 percent).
  • Monthly trade surplus was $332 million (7.1 percent of exports).

Graph, Merchandise trade values, March months, March 2008 to March 2017.

Liz MacPherson, Government Statistician
ISSN 1178-0320
28 April 2017

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