New Zealand only sees export to China rise
Updated: 2013-07-24 14:23
(Xinhua)
|
|||||||||||
WELLINGTON - New Zealand posted a surprise trade surplus last month as a drop in petroleum and petroleum products imports offset a fall in the value of exports, with China the only major trade partner seeing a rise in New Zealand exports, the government statistics agency announced Wednesday.
Export values in June fell by NZ$161 million ($128.29 million), or 3.9 percent, compared with June 2012, and imports decreased NZ$286 million, or 7.4 percent, leaving a trade surplus of NZ$414 million, or 10 percent of exports.
Petroleum and products imports fell by 25 percent, or NZ$186 million, from June last year, led by falls in diesel and crude oil.
Meanwhile, export values of milk powder, butter, and cheese fell NZ$139 million, or 14 percent, to NZ$838 million, with quantities down 26 percent.
China showed the largest increase in exports, up NZ$106 million, or 18 percent, led by frozen lamb cuts and pine logs.
The value of exported goods fell 4.7 percent to NZ$11 billion in the June quarter, following a rise of 0.4 percent in the March quarter, according to Statistics New Zealand.
"Dairy and meat exports led the fall, with values and quantities down for both," industry and labor statistics manager Louise Holmes-Oliver said in a statement.
The value of imported goods increased 1 percent to NZ$11.6 billion in the June quarter, leaving a trade deficit of NZ$669 million, or 6.1 percent of exports, following a deficit of NZ$14 million for the March quarter.
Related Stories
China Southern Airlines debut its Dreamliner on NZ route 2013-07-23 17:30
NZ starts infant formula brand register for China 2013-07-23 10:42
NZ, Aussie baby formula makers to push integrity 2013-07-15 15:21
NZ fails to meet China's export certification rules 2013-07-08 14:23
FTA helps treble NZ exports to China: Yearbook 2013-07-04 14:06
Today's Top News
Nation falling short on IT security: survey
Quake in NW China kills 95
DPRK halt on rocket facility confirmed
Office to close due to protest in Manila
Sansha welcomes new hospital
Xi urges rural development
Consumer optimism hits a high
Guangzhou to launch visa-free stays
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Safety worries mount |
Giving ancient Lhasa a facelift |
Families feel the pull of 'gravity' |
2013 Tour de France |
Party seeks to boost ties with the public |
Conundrum over sexual bribery |