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- New Zealand December trade balance was a surplus of $264 million (4.8 percent of exports)
New Zealand December trade balance was a surplus of $264 million (4.8 percent of exports)
Goods exports fell $27 million (0.5 percent) in December 2018, with some contrasting movements across several commodity groups.
The leading contributor was exports of meat and edible offal, down $70 million (9.7 percent). Beef fell $42 million (13 percent) in value and 9.4 percent in quantity; Sheep meat fell $22 million (6.2 percent) in value and 8.5 percent in quantity.
Aluminium and aluminium articles was also down $70 million (41 percent). This movement was partly due to unusually high values and quantities of aluminium exports in December 2017. In December 2018, the value ($101 million) was close to the average monthly value over the last 24 months ($99 million).
Goods imports in December 2018 rose $323 million (6.6 percent) to $5.2 billion, with contrasting movements across several commodity groups.
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