New Zealand's monthly trade balance was a surplus of $294 million (5.4 percent of exports)

Goods exports rose $509 million (10 percent) to $5.4 billion, a new high for total exports in a May month, and the second-highest for any month. The highest was $5.5 billion in December 2017.

Goods imports rose $277 million (5.7 percent) to $5.1 billion, a new high for total imports in a May month. The previous high was $4.8 billion in May 2017.

The monthly trade balance was a surplus of $294 million (5.4 percent of exports), higher than the average monthly surplus in the last five May months ($215 million).

Meat and edible offal lead exports rise

Meat and edible offal led the export rise, up $119 million (17 percent) to $812 million, the second highest for any month. The previous high was in March 2015.

Lamb led the rise, up $89 million (32 percent) in value and 22 percent in quantity.

Beef also rose, up $16 million (4.5 percent) in value and 5.3 percent in quantity.

Logs, wood, and wood articles rose $99 million (26 percent) to $477 million.

Untreated logs rose $76 million (32 percent) to $314 million.

Petroleum and products (other than crude oil) rose $84 million to $104 million.

Preparations of milk, cereals, flour, and starch rose $60 million (52 percent) to $175 million. This group includes infant formula.

Fruit rose $55 million (10 percent) to $599 million.

Kiwifruit was up $40 million to $414 million.

Milk powder, butter, and cheese rose $36 million (3.2 percent) to $1.2 billion.

Casein and caseinates fell $33 million (37 percent).