-
Overseas merchandise trade: November 2020
Overseas merchandise trade statistics provide information on imports and exports of merchandise goods between New Zealand and other countries. This release refers to trade in goods only. November 2020 monthly values are actual and compared with November 2019. • Goods exports were little changed (down 0.2 percent), at $5.2 billion. • Goods imports fell $1.1 billion (17 percent) to $5.0 billion. • The monthly trade balance was a surplus of $252 million. The average monthly deficit in the previous five November months was $906 million. The monthly surplus is the first November surplus since 2013. • There were ... (full story)
-
Exports flat despite commodity price falls
Total goods exports were almost unchanged in November 2020, despite a fall in the export prices of several commodities, Stats NZ said today. Total goods exports were $5.2 billion, down 0.2 percent from November 2019. Meat and offal exports were down $73 million (11 percent), from November 2019. Meat products are New Zealand’s second-largest export commodity group, behind dairy products. Beef and sheep meat export values were down $39 million and $29 million, respectively, with the falls price driven. Quantities of both beef and sheep meat were up on the same month of the previous year. “New Zealand meat exporters ... (full story)
-
Imports fall in lead-up to Christmas
Imports fell over $1 billion in November 2020, with large falls for cars, fuels, and other commodities, partly offset by a lift in cell phone imports, Stats NZ said today. The total value of monthly goods imports in November 2020 fell $1.1 billion (17 percent) to $5.0 billion from near-record monthly imports in November 2019. “The fall in imports coincides with disruptions to global supply chains and delays at New Zealand ports,” international trade manager Alasdair Allen said. “November is typically a strong month for imports, but reduced air and sea freight capacity may have limited imports for a range of ... (full story)