New Zealand Trade Deficit Narrows in September


In the September 2012 month, there was a trade deficit of $791 million (24 percent of exports). This compares with an average deficit of $726 million (23 percent of exports) over the previous five September months.

In the September 2012 month, merchandise exports were valued at $3.3 billion, down $136 million (3.9 percent) from September 2011. Imported goods were valued at $4.1 billion, down $133 million (3.1 percent) from September 2011.

Milk powder, butter, and cheese leads fall in exports, falling by $77 million (11 percent) to $597 million. This decrease was led by cheese, down $30 million (39 percent), and butter, down $25 million (30 percent).

By commodity group, the value of exports in September 2012, compared with September 2011,fell for: aluminium and aluminium articles, down $20 million (20 percent); logs, wood, and wood articles, down $18 million (6.6 percent); petroleum and products other than crude oil showed the largest increase, up $33 million; iron ores and concentrates rose $18 million (16 percent).


TradingEconomics.com, Statistics New Zealand
10/26/2012 9:51:21 AM