Stats NZ has a new website.

For new releases go to

www.stats.govt.nz

As we transition to our new site, you'll still find some Stats NZ information here on this archive site.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Dairy and meat exports lead fall in June quarter
Embargoed until 10:45am  –  24 July 2013

Overseas Merchandise Trade: June 2013  –  Media Release

The seasonally adjusted value of exported goods fell 4.7 percent to $11.0 billion in the June 2013 quarter, Statistics New Zealand said today. This follows a rise of 0.4 percent in the March 2013 quarter.

"Dairy and meat exports led the fall, with values and quantities down for both," industry and labour statistics manager Louise Holmes-Oliver said.

  • Milk powder, butter, and cheese values fell 6.8 percent, and quantities fell 18 percent.
  • Meat values fell 9.2 percent, and quantities fell 12 percent.

The seasonally adjusted value of imported goods increased 1.0 percent to $11.6 billion in the June 2013 quarter.

The seasonally adjusted trade balance for the June 2013 quarter was a deficit of $669 million, equivalent to 6.1 percent of exports. This follows a $14 million deficit for the March 2013 quarter. 

June 2013 month

For the June 2013 month, export values decreased $161 million (3.9 percent) compared with June 2012, and imports decreased $286 million (7.4 percent).

The trade balance for the June 2013 month was a surplus of $414 million (10 percent of exports).

Year ended June 2013

For the year ended June 2013, goods exports were down $970 million, to $45.7 billion. Exports to Australia fell $927 million, while exports to China rose $1.6 billion. Imports for the June 2013 year fell $956 million, to $46.5 billion. The trade balance for the year ended June 2013 was a deficit of $777 million.

New Zealand’s international trade

New Zealand’s international trade is made up of trade in goods and services. Overseas merchandise trade statistics measure the goods component of international trade. For a complete picture, this release should be viewed with international trade in services figures, released as part of Balance of Payments and International Investment Position. Additional commentary on the June 2013 year will be available in the next edition of Global New Zealand, due for release in November 2013.

Ends

 
For media enquiries contact: Authorised by:

Louise Holmes-Oliver 
Christchurch 03 964 8700
Email: info@stats.govt.nz

Published 24 July 2013

Dallas Welch
Acting Government Statistician
   
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Top
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+