Foreign trade trade in goods, trade in exports and imports under the rights of Statistics New Zealand and its origin. Statistics New Zealand: International and trade performance statistics. It is published by Statistics New Zealand. Foreign trade statistics in goods provide statistical information about the import and export of goods between New Zealand and other countries. Merchandise trade includes goods that add to or subtract from New Zealand’s physical resources as a result of their movement within or outside the country. Data are obtained from export and import entry documents submitted to the New Zealand Customs Service (NZCS).
The purpose of Foreign Merchandise Trade Statistics is to provide statistical information on the import and export of trade goods between New Zealand and other countries. Important events affecting this series of study Export and import data first became available in 1826.
March 2024 year Annual values are actual values and are compared to the year ending March 2023. Annual merchandise exports were worth $69.1 billion, a decrease of $3 billion from the previous year. The value of annual imports of goods amounted to $79.0 billion, a decrease of $10.0 billion from the previous year. The annual trade deficit reached $9.9 billion. In the year ending March 2023, the deficit reached $16.8 billion.
The merchandise trade deficit in January was -$976 million, lower than -$2.1 billion in the same month last year, and even lower than -$1.1 billion in January 2021. Exports fell by -7.1% from a year ago, but imports fell by -20%. Oddly enough, one of the reasons for the decline in exports is that we did not export much crude oil. Imports of “petroleum and products” decreased by -50%. The change in our trade surplus or deficit with our four largest trading partners – China, Australia
Foreign trade of goods: May 2012
Goods exports increased by $202 million (2.9 percent) in May 2024 (to $7.2 billion), compared to May 2023.
The most important monthly export movement by country: The monthly movements in May 2024, compared to May 2023, for our main export partners (by total annual merchandise exports) were:
China: Total exports decreased by $231 million (12 percent). The largest increase was in exports of milk products, grains, flour and starch, which rose by about $31 million. The largest declines were in imports of edible meat and offal, a decrease of $166 million; fruits, down $34 million; and lumber, lumber and wood products, a decrease of $33 million.
Australia: Total exports decreased by $28 million (3.8 percent). The largest increases were in precious metals, jewelry and coins, with an increase of $21 million, and wine, with an increase of $11 million. The largest declines were in machinery and mechanical equipment, which fell by $14 million, and milk powder, butter and cheese, which fell by $13 million.
USA: Total exports increased by $255 million (33 percent). The largest increases were in imports of edible meat and offal, an increase of $81 million; milk powder, butter and cheese, an increase of $38 million; and wine, an increase of $24 million. There were no significant declines in value beyond $10 million.
European Union: Total exports increased by $14 million (2.8 percent). The largest increases were in imports of fruit, which rose by about $22 million, and edible meat and offal, which rose by about $14 million. There were no significant declines in value beyond $10 million.
Japan: Total exports increased by $55 million (12 percent). The largest increases were in imports of edible meat and offal, an increase of $35 million, and aluminum and aluminum products, an increase of $14 million.
Trade surplus in May 2024
The monthly trade balance achieved a surplus of $204 million. In May 2024, the annual values are actual values and are compared to the year ending in May 2023. The value of annual merchandise exports reached 68.9 billion dollars, a decrease of 3.8 billion dollars from the previous year. The value of annual merchandise imports amounted to $78.9 billion, a decrease of $10.9 billion from the previous year. The annual trade deficit reached $10.1 billion. In the year ending in May 2023, the trade deficit reached $17.1 billion.
Foreign trade in goods: March 2024: The most important monthly export movement by country: The monthly movements in March 2024, compared to March 2023, for our main export partners (by total annual merchandise exports) were as follows:
China: Total exports decreased by $33 million (1.9 percent). The largest increases were in imports of timber, lumber and wood products, an increase of $95 million; fruits, an increase of $81 million; and petroleum and products, an increase of $33 million. The largest declines were in edible meat and offal, a decline of $118 million; milk products, cereals, flour and starch, a decrease of $86 million; and pharmaceutical products, a decrease of $15 million.
Australia: Total exports decreased by $30 million (3.7 percent). The largest increase was in precious metals, jewelry, and coins, which rose by about $19 million. The largest declines were in imports of powdered milk, butter and cheese, which fell by $42 million, and iron, steel and products, which fell by $25 million.
United States of America: Total exports increased by $62 million (8.0 percent). The largest increases were in precious metals, jewelry, and coins, with an increase of $28 million; milk powder, butter and cheese, an increase of $25 million; and edible meat and offal, an increase of $20 million.
