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Overseas Merchandise Trade: October 2010
Embargoed until 10:45am  –  29 November 2010
Highlights

For the month of October 2010, compared with October 2009:

  • Merchandise exports were up $723 million (24 percent) to $3.7 billion.
  • The milk powder, butter, and cheese commodity group was the major contributor to the increase in export commodities, led by unsweetened whole milk powder.
  • Merchandise imports were up $541 million (16 percent) to $4.0 billion.
  • Crude oil, and vehicles, parts, and accessories led the increase in imports.
  • The trade balance was a deficit of $319 million or 8.7 percent of the value of exports.
  • The trend for exports remains at similar levels to the previous peak in late 2008 while imports are still 15 percent below their peak, also in late 2008. 
     
     Graph, merchandise trend values, monthly.

 

Geoff Bascand 29 November 2010
Government Statistician ISSN 1178-0320

 

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