Meat exports contribute to trade surplus

Meat and edible offal export values – New Zealand’s second largest export commodity – have contributed to a seasonally adjusted trade surplus of $147 million,  led by an increase in exports, according to new merchandise trade figures released today by Statistics NZ.

The surplus follows trade deficits of $698 million in the March 2012 quarter and $581 million in the June 2012 quarter.

Exports rose by 5.1 percent to $11.9 billion in the September 2012 quarter, says Statistics NZ. While the increase was led by a rise of 16 percent ($450 million) in the value of milk powder, butter and cheese, meat and edible offal  was also up 10 percent in value ($128 million), with quantities up 14 percent. Value increases for fruit and wine also contributed.

The trend for exports is 1.8 percent lower than its record high of September 2011.

 

Be the first to comment

Leave a Reply