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Overseas Merchandise Trade: November 2016
Embargoed until 10:45am  –  21 December 2016
Key facts

For November 2016 compared with November 2015:

Goods exports fell $219 million to $3.9 billion.

  • Meat and edible offal led the fall, down $158 million (31 percent).
  • Milk powder, butter, and cheese rose $31 million (2.6 percent).
  • Logs, wood, and wood articles rose $34 million (12 percent), led by untreated logs.
  • Fruit rose $16 million (27 percent) and the quantity rose 31 percent.
  • Exports to the EU fell $116 million (32 percent), and to the USA by $111 million (23 percent).
  • Other top export destinations (China, Australia, and Japan) showed little change.

Goods imports fell $310 million to $4.6 billion.

  • Capital goods led the fall in imports, down $326 million (26 percent).
  • Intermediate goods fell $53 million (2.9 percent).
  • Consumption goods fell $34 million (2.6 percent).
  • Crude oil was up $52 million (29 percent) in value.
  • Of our top import partners, the USA fell $351 million (46 percent), led by aircraft and parts.
  • Other top import destinations (China, Australia, and Japan) rose in value.   

The monthly trade balance was a deficit of $705 million (18 percent of exports).

The trade weighted index rose 9.2 percent from November 2015.

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

Liz MacPherson, Government Statistician
ISSN 1178-0320
21 December 2016

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