Post sponsored by NewzEngine.com

Source: MIL-OSI Submissions

Increase in imported goods values drives trade deficit – Media release

2 December 2021

New Zealand recorded a trade deficit of $6.3 billion in the September 2021 quarter, following a surplus of $548 million in the June 2021 quarter, Stats NZ said today.

Trade goods values for exports fell $2.7 billion to a total of $14 billion in the September 2021 quarter, while goods values for imports rose $3.2 billion to a record total of $19 billion.

In the same period, prices increased for both import goods (up 3.8 percent) and export goods (up 4.6 percent), leading to a 0.7 percent quarterly increase in the terms of trade. Seasonally adjusted volumes for import goods rose 3.4 percent on the previous quarter, while export volumes fell 3.0 percent.

Visit our website to read this news story and information release and to download CSV files:

MIL OSI