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

Big return on a small investment

Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.

Editorial: Sensible move

OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Overbearing?

OPINION: Dust ups between rural media and PR types aren't unheard of but also aren't common, given part of the…

Foot-in-mouth

OPINION: The Hound hears from his canine pals in Southland that an individual's derogatory remarks on social media have left…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter