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Overseas Merchandise Trade: October 2016
Embargoed until 10:45am  –  25 November 2016
Key facts

For October 2016 compared with October 2015:

Goods exports rose $85 million to $3.9 billion.

  • Milk powder, butter, and cheese led the rise, up $122 million (13 percent).
  • Logs, wood, and wood articles rose $74 million (25 percent), led by untreated logs.
  • Fruit rose $42 million (40 percent), and the quantity rose 66 percent.
  • Meat and edible offal fell $71 million (18 percent), with falls in beef and lamb.
  • Of our top export destinations, only China and Japan had rises in value. 

Goods imports rose $27 million to $4.7 billion.

  • Capital goods led the rise in imports, up $261 million (27 percent).
  • Intermediate goods fell $217 million (11 percent).
  • Consumption goods fell $69 million (5.3 percent).
  • Crude oil fell $41 million (17 percent) in value and 19 percent in quantity.
  • Of our top import partners, the EU, the US, and Japan had rises in value.

The monthly trade balance was a deficit of $846 million (22 percent of exports).
The trade weighted index rose 7.1 percent from October 2015.

Graph, Merchandise trade values, October months, 2007 to 2016.

Liz MacPherson, Government Statistician
ISSN 1178-0320
25 November 2016

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