Overseas Merchandise Trade: June 2012
Embargoed until 10:45am – 25 July 2012
June 2012 quarter:
Values are seasonally adjusted and compared with the March 2012 quarter unless otherwise stated.
- Exports fell 1.6 percent to $11.3 billion.
- The decrease was led by a fall in the value of milk powder, butter, and cheese.
- The trend for exports has fallen in the latest three quarters.
- Imports fell 1.9 percent to $11.9 billion.
- The trend for imports is 2.6 percent lower than its peak, which was in the September 2008 quarter.
- There was a trade deficit of $664 million (5.9 percent of exports).
June 2012 month:
Values are actual and compared with the June 2011 month unless otherwise stated.
- Exports rose $244 million (6.2 percent) to $4.2 billion.
- Milk powder, butter, and cheese recorded the largest increase, up $88 million.
- Imports rose $114 million (3.0 percent) to $3.9 billion.
- There was a trade surplus of $331 million (7.9 percent of exports).
||25 July 2012