Thursday, 24 March 2016 16:02

Mixed export results in February

Written by 
The value of goods exports were up 2.5% to $4 billion for February this year but some main commodities fell. The value of goods exports were up 2.5% to $4 billion for February this year but some main commodities fell.

The value of goods exports were up 2.5% to $4 billion for February this year but some main commodities fell.

Beef, lamb, and milk powder were just some of the falling commodities; as a result the rise was limited, says Statistics New Zealand.

The 2.5% rise equated to $96 million more than February 2015.

This month saw rises for a range of commodities, including fish, crustaceans, and molluscs (up 23%), and wine (up 34%), international statistics senior manager Stuart Jones says.

But other primary produce exports had mixed results. Milk fats (including butter) and cheese both had increases in value and quantity while other components of dairy, including milk powder, fell in value (quantity showed little change). Beef and lamb exports both fell in value, with the quantity of beef falling 7.8% and the quantity of lamb rising 4.6%.

Imports rose $108 million (2.8%) to $3.9 billion in February 2016, compared with February 2015. Consumption goods led the rise, up $121 million (12%), with the largest increases being pharmaceuticals, toys, and sporting equipment.

In February 2016 there was a goods trade surplus of $72 million (1.8% exports).

More like this

2024 red meat exports end on a high

New Zealand's red meat exports for 2024 finished on a positive note, with total export value increasing 17% over last December to reach $1.04 billion, according to the Meat Industry Association (MIA).

Featured

ANZCO Foods' net profit plunges

Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.

Protest planned outside dairy awards venue

As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.

National

Machinery & Products

Farmer-led group buys Novag

While the name and technology remain unchanged and new machines will continue to carry the Novag name, all the assets,…

Buhler name to go

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and…

» Latest Print Issues Online

The Hound

Keep it up

OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and…

We're OK!

OPINION: Despite the volatility created by the shoot-from-the-hip trade tariff 'stratefy' being deployed by the new state tenants in the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter