Trade Resources Economy Brief Report of New Zealand's Trade in July 2016

Brief Report of New Zealand's Trade in July 2016

According to statistics of Statistics Bureau in New Zealand, its volume of goods trade was USD39.56 billion from January to July in 2016, down 6.7% year-on-year (the same below). Exports fell by 6.1% to USD20.09 billion, and imports fell by 7.3% to USD19.47 billion. The trade surplus was USD0.62 billion, up 58.3%.

In July, New Zealand's volume of goods trade fell by 1.1% to USD5.96 billion. Exports grew by 2.0% to USD2.83 billion and imports fell by 3.8% to USD3.14 billion. And the trade deficit was USD0.31 billion, down 36.4%.

Since January to July, bilateral trade volume between China and New Zealand fell by 0.2% to USD7.46 billion. New Zealand's exports to China grew by 2.3% to USD3.66 billion, accounting for 18.2% of New Zealand's overall export. And New Zealand's imports from China fell by 2.5% to USD3.81 billion, accounting for 19.6% of New Zealand's overall imports. New Zealand's trade deficit with China fell by 54.4% to USD0.15 billion.

China was the largest export market of New Zealand and its largest source of imports up to July in 2016.

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