NZ Dairy Sales to China Boost Exports

NEW ZEALAND - New Zealand dairy exports to China were up 102 per cent in value to reach NZ$373 million ($277 million) in June, and up 63 per cent in quantity, which boosts the country's exports, its statistics department Stats NZ said on Wednesday.
calendar icon 27 July 2017
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New Zealand exports rose 11 per cent year on year to reach NZ$4.7 billion($3.5 billion) in June, said a release from the department.

Milk powder, butter, and cheese led the rise, up 45 per cent to NZ$1.2 billion ($890 million) and up 11 per cent in quantity.

"The milk powder, butter, and cheese group continues to be a key export commodity, and accounts for over a quarter of our total exports," international statistics senior manager Daria Kwon said in the release.

Total monthly imports were valued at NZ$4.5 billion ($3.3 billion), up 7.7 per cent from June 2016, Stats NZ said.

Imports of cars led the increase in total imports in June, up 31 per cent to reach NZ$505 million ($375 million).

New motor cars led this increase, up NZ$86 million ($64 million) in value, which was 2,566 more new cars than in June 2016, and was the 11th consecutive increase in value year-on-year, it said.

The trade balance for June was a surplus of NZ$242 million ($180 million), or 5.1 per cent of exports. This is the fourth consecutive surplus, Stats NZ said.

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