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Overseas Merchandise Trade: May 2017
Embargoed until 10:45am  –  27 June 2017
Key facts

For May 2017 compared with May 2016:

Goods exports rose $395 million (8.7 percent) to 5.0 billion.

  • Milk powder, butter, and cheese rose $342 million (42 percent).
  • Meat and edible offal rose $30 million (4.5 percent)
  • Goods exports to China rose $140 million (17 percent).
  • Goods exports to Japan rose $96 million (34 percent).

Goods imports rose $635 million (15 percent) to $4.8 billion.

  • Intermediate goods rose $435 million (26 percent).
  • Consumption goods rose $65 million (5.8 percent).
  • Capital goods fell $22 million (2.3 percent).
  • Passenger motor cars rose $87 million (23 percent).
  • Petrol and avgas rose $62 million (91 percent).
  • Goods imports from Australia rose $118 million (24 percent).
  • Goods imports from China rose $101 million (13 percent).

The monthly trade balance was a surplus of $103 million (2.1 percent of exports).

The annual trade deficit widened to $3.8 billion, from $3.6 billion in April 2017.

The trade weighted index rose 3.6 percent from May 2016.

Graph, merchandise trade values, exports, imports, and trade balance, May months, 2008 to 2017.

Liz MacPherson, Government Statistician
ISSN 1178-0320
27 June 2017

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