NZ’s exports hit $5b in August ’24 – data

New Zealand’s total exports in August 2024 amounted to $5.0 billion, down 0.1 per cent from the same period last year, while imports decreased by 1.0 per cent to $7.2 billion, leading to a trade deficit of $2.2 billion.

The export sector witnessed a mixed performance, with notable increases in fruit, crude oil, mechanical machinery, and wood pulp exports. However, these gains were offset by significant declines in meat, dairy, and aluminium exports.

On the import side, aircraft, food residues, and ships and boats imports saw substantial growth. However, imports of vehicles, electrical machinery, and other goods experienced declines.

Attribution: Stats NZ report

Subediting: M. S. Salama