New Zealand trade balance a deficit of $212 million in April


Monthly imports up 13.5 percent on April 2006, mainly due to oil-related products. Monthly exports up 5.2 percent on April 2006, mainly due to kiwifruit, pine logs, and milk powder, butter and cheese.

The monthly trade balance for April 2007 was a deficit of $212 million (6.7 percent of exports). However, if the value of large individual import items is removed, these provisional figures suggest that April 2007 would have had a marginal surplus o The trade balance for the April 2007 year was a deficit of $6.0 billion (17.0 percent of exports), up from the $5.8 billion deficit in the year ended March 2007, but down from the $6.9 billion deficit seen in the previous April year. f $19 million. In the last 20 years, April has shown a surplus 15 times. However, there has been a deficit in four of the last five April months, with an average deficit of $107 million, or 3.7 percent of exports, over this period.

In April 2007, the value of merchandise imports was $3.4 billion, up 13.5 percent on April 2006. However, when the value of large individual import items ($231 million) is removed, imports increased by 5.8 percent. The imports trend (which is calculated excluding individual import items exceeding $100 million in value) has been comparatively flat over the last nine months and is up just 1.4 percent on the low seen in September 2006.
When compared with April 2006, the value of merchandise exports rose $158 million (5.2 percent) to reach $3.2 billion in April 2007. There have been increases in exports recorded in all of the past 12 months when compared with the same month of the previous year, resulting in a 13.3 percent increase in the year ended April 2007.

 


Statistics New Zealand
6/18/2007 5:21:49 PM