• New Zealand trade balance deficit lower than expected

Market news

24 November 2017

New Zealand trade balance deficit lower than expected

October 2017 monthly values are actual and compared with October 2016:


  • Milk powder, butter, and cheese leads exports rise

  • Goods exports rose $636 million (16 percent) to $4.6 billion in October 2017.

  • Milk powder, butter, and cheese had the largest rise of any commodity group, up $231 million (22 percent) to $1.3 billion.

  • Milk powder rose $132 million (25 percent) in value - quantity was down 4.9 percent.

  • Butter rose $49 million (38 percent) in value - quantity was down 26 percent.

  • Milk and cream rose $35 million (80 percent) in value, and 32 percent in quantity.

  • Logs, wood, and wood articles (our third-largest export commodity) rose $98 million (27 percent) to $461 million, led by treated and untreated logs, up $83 million.

  • Meat and edible offal (our second-largest export commodity) rose $63 million (20 percent) to $378 million, led by lamb, up $61 million.

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