Overseas Merchandise Trade: January 2010
Embargoed until 10:45am – 26 February 2010
For the month of January 2010 compared with January 2009 unless otherwise stated:
- The trade balance was a surplus of $269 million (8.5 percent of exports), the highest January trade surplus recorded as a percentage of exports since 1989.
- Merchandise exports were valued at $3.2 billion, down $19 million (0.6 percent).
- Merchandise imports were valued at $2.9 billion, down $390 million (11.9 percent).
- Exports recorded mixed results, with casein and caseinates; cereals, flour, and starch; and meat and edible offal recording large declines. Crude oil and milk powder, butter, and cheese recorded large rises.
- Mechanical machinery and equipment, and electrical machinery and equipment led the imports decline.
- The trend indicates that total merchandise exports appear to have been rising in recent months, although more data points are required to confirm the direction.
- The imports trend has increased 4.4 percent since September 2009, but it is still 22.1 percent lower than its peak in August 2008.
||26 February 2010|
|Acting Government Statistician