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

Editorial: Celebrating dairy

OPINION: While dairy farmers were busy milking cows last Wednesday morning, 150 leaders and stakeholders of the industry gathered at Parliament over breakfast to celebrate their achievements.

Featured

‘Nanobubble’ trial trims irrigation water usage

North Canterbury dairy farmer and recently-elected deputy chair of DairyNZ, Cameron Henderson, is enjoying a huge reduction in irrigation water use after converting a pivot irrigator to drag perforated drip tubes across the ground instead of elevated sprinkler heads.

Editorial: Elusive India FTA

OPINION: Without doubt, a priority of the Government this year will be to gain traction on the elusive free trade deal with India.

Sport star to talk at expo

Rugby league legend Tawera Nikau is set to inspire, celebrate and entertain at the East Coast Farming Expo's very popular Property Broker's Evening Muster.

National

Sweet or sour deal?

Not all stakeholders involved in the proposed merger of honey industry groups - ApiNZ and Unique Manuka Factor Honey Association…

Machinery & Products

Loosening soil without fuss

Distributed in New Zealand by Carrfields, Grange Farm Machinery is based in the Holderness region of East Yorkshire – an…

JCB unveils new models

The first of the UK’s agricultural trade shows was recently held at the NEC Centre in Birmingham.

» Latest Print Issues Online

The Hound

Times have changed

OPINION: Back in the 1960s and '70s, and even into the '80s, successive National government Agriculture Ministers and Trade Ministers…

Hallelujah moment

OPINION: The new Public Service Commissioner Sir Brian Roche has just had the hallelujah moment of the 21st century in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter