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- New Zealand's trade balance surplus declined in May
New Zealand's trade balance surplus declined in May
For May 2017 compared with May 2016:
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Goods exports rose $395 million (8.7 percent) to 5.0 billion.
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Milk powder, butter, and cheese rose $342 million (42 percent).
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Meat and edible offal rose $30 million (4.5 percent)
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Goods exports to China rose $140 million (17 percent).
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Goods exports to Japan rose $96 million (34 percent).
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Goods imports rose $635 million (15 percent) to $4.8 billion.
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Intermediate goods rose $435 million (26 percent).
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Consumption goods rose $65 million (5.8 percent).
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Capital goods fell $22 million (2.3 percent).
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Passenger motor cars rose $87 million (23 percent).
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Petrol and avgas rose $62 million (91 percent).
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Goods imports from Australia rose $118 million (24 percent).
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Goods imports from China rose $101 million (13 percent).
The monthly trade balance was a surplus of $103 million (2.1 percent of exports).
The annual trade deficit widened to $3.8 billion, from $3.6 billion in April 2017.
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