Stats NZ

International trade: June 2023 quarter

International trade statistics provide information on imports and exports of goods and services between New Zealand and our trading partners.

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Key facts

Quarterly goods and services by country

  • Total exports of goods and services for the June 2023 quarter were $25.3 billion, up from $23.1 billion in the June 2022 quarter.
  • Total imports of goods and services for the June 2023 quarter were $26.6 billion, up from $26.3 billion in the June 2022 quarter.
  • The total two-way trade for the June 2023 quarter was $51.8 billion.

New Zealand international trade dashboard shows quarterly exports and imports data for goods and services by country and commodity type.

Diagram showing goods and services exports and imports, June 2023 quarter compared with June 2022 quarter. Text alternative available below diagram.

Text alternative for Goods and services exports and imports, June 2023 quarter compared with June 2022 quarter

Total services exports rose $1.9 billion to $5.8 billion in the June 2023 quarter compared with the June 2022 quarter.

The movements of our top services export categories in the June 2023 quarter compared with the June 2022 quarter were:

  • travel services, up $1.2 billion to $2.4 billion
  • transportation services, up $322 million to $827 million
  • telecommunications, computer, and information services, up $53 million to $480 million
  • other business services, up $50 million to $734 million
  • charges for the use of intellectual property services, down $7.4 million to $432 million.

Total services imports rose $960 million to $7.3 billion in the June 2023 quarter compared with the June 2022 quarter.

The movements of our top services import categories in the June 2023 quarter compared with the June 2022 quarter were:

  • travel services, up $689 million to $1.5 billion
  • insurance and pension services, up $184 million to $775 million
  • telecommunication, computer, and information services, up $108 million to $864 million
  • personal, cultural, and recreational services, up $74 million to $355 million
  • other business services, up $56 million to $1.3 billion
  • transportation services, down $215 million to $1.6 billion.

Overseas merchandise trade: June 2023 has more information about the value of goods imports and exports in the June 2023 quarter.

Overseas trade indexes

Movements are compared with the March 2023 quarter. All prices are unadjusted; all volumes and values are seasonally adjusted unless otherwise stated.

  • The merchandise (goods) terms of trade rose 0.4 percent.
  • Export prices for goods fell 0.6 percent and import prices fell 1.0 percent.
  • Export volumes for goods rose 6.8 percent and import volumes fell 2.8 percent.
  • Export values for goods rose 3.1 percent and import values fell 5.2 percent.
  • The services terms of trade rose 4.4 percent.
  • Services export prices rose 0.3 percent, while import prices fell 3.9 percent.

Diagram showing OTI merchandise imports and exports, June 2023 quarter compared with March 2023 quarter. Text alternative available below diagram.

Text alternative for OTI Merchandise exports and imports, June 2023 quarter compared with March 2023 quarter

Exports

The following were the main contributors to the export movements in the June 2023 quarter.

  • Dairy prices fell 2.1 percent.
  • Dairy volumes rose 19 percent, and values rose 7.1 percent.
  • Meat prices rose 7.4 percent.
  • Meat volumes rose 7.6 percent, and values rose 13 percent.

Imports

The following were the main contributors to the import movements in the June 2023 quarter.

  • Petroleum and petroleum product prices fell 6.6 percent.
  • Petroleum and petroleum product volumes fell 24 percent, and values fell 29 percent (note: these volumes and values are not seasonally adjusted).

Text alternative for Goods and services exports and imports, June 2023 quarter compared with June 2022 quarter

Diagram shows two-way trade was up 4.9 percent to $51.8 billion. On the left-hand side of the diagram, total exports was up 9.5 percent to $25.3 billion with goods exports (up 1.6 percent to $19.5 billion) and services exports (up 48 percent to $5.8 billion) flowing into this. On the right-hand side of the diagram, total imports was up 0.8 percent to $26.6 billion, with goods imports (down 3.7 percent to $19.3 billion) and services imports (up 15 percent to $7.3 billion) flowing into this. Note: Figures are compiled using balance of payments concepts. Source: Stats NZ.

Text alternative for OTI Merchandise imports and exports, June 2023 quarter compared with March 2023 quarter

Diagram shows the terms of trade rose 0.4 percent, where export prices fell 0.6 percent and import prices fell 1.0 percent. The value of exports rose 3.1 percent to $17.1 billion. Flowing into this were export volumes which rose 6.8 percent, and export prices which fell 0.6 percent. The value of imports fell 5.2 percent to $20.0 billion. Flowing into this were import volumes, which fell 2.8 percent, and import prices, which fell 1.0 percent. Note that the volumes and values series are seasonally adjusted. Source: Stats NZ.

More data

Use Infoshare to access time-series data.

Goods trade data

Subject category: Imports and exports

Group: Exports – summary data
Group: Imports – summary data
Group: Overseas trade statistics
Group: Re-exports – summary data

Overseas trade indexes

Subject category: Imports and exports

Group: Overseas trade indexes – prices – OTP
Group: Overseas trade indexes – volumes and values – OTV

ISSN 2703-6618

Next release

International trade: September 2023 quarter will be released on 4 December 2023.

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