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- New Zealand trade balance deficit lower than expected
New Zealand trade balance deficit lower than expected
October 2017 monthly values are actual and compared with October 2016:
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Milk powder, butter, and cheese leads exports rise
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Goods exports rose $636 million (16 percent) to $4.6 billion in October 2017.
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Milk powder, butter, and cheese had the largest rise of any commodity group, up $231 million (22 percent) to $1.3 billion.
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Milk powder rose $132 million (25 percent) in value - quantity was down 4.9 percent.
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Butter rose $49 million (38 percent) in value - quantity was down 26 percent.
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Milk and cream rose $35 million (80 percent) in value, and 32 percent in quantity.
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Logs, wood, and wood articles (our third-largest export commodity) rose $98 million (27 percent) to $461 million, led by treated and untreated logs, up $83 million.
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Meat and edible offal (our second-largest export commodity) rose $63 million (20 percent) to $378 million, led by lamb, up $61 million.
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