A 14 percent rise in frozen beef, sheepmeat and edible offal exports for the year to end May 2014 has contributed to the 13 percent rise in New Zealand’s overall exports valued at $4.6 billion, according to the latest figures from Statistics New Zealand.
The value of exported goods rose to $4.6 billion in May 2014, up $528 million (13 percent) compared with May 2013, Statistics New Zealand says.
“Goods exports are high this month compared with May 2013,” international statistics manager Jason Attewell says. ‘However, it appears the growth in exports seen in the past year has levelled off.”
Exports to China, New Zealand’s main goods export partner, were up $204 million (31 percent) to $868 million in May 2014. This was led by milk powder, crude oil and sheepmeat.
Exports of frozen beef led an export lift of 8.5 percent ($31 million) to the US market.
The continued growth of exports to China has resulted in the two-way trade of goods (exports versus imports) reaching $20.1 billion for the first time in the year ended May 2014. This was up $4.7 billion from the previous year, with exports contributing $4 billion to the increase.