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Source: MIL-OSI Submissions

Annual imports continue to fall – Media release

27 October 2020

Imports, especially of fuel and cars, fell sharply in the wake of the COVID-19 pandemic, while exports held up, leading to a $1.7 billion annual goods trade surplus in the year ended September 2020, Stats NZ said today.

Imports fell $5.9 billion in the September 2020 year. A similar large fall in trade occurred during the global financial crisis more than a decade ago, when both imports and exports dropped. This year, exports have held up well despite the COVID-19 pandemic.

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