Latest News:  
Beijing   Cloudy/Overcast    6 / -1   City Forecast

People's Daily Online>>Foreign Affairs

Rising exports to China fail to keep New Zealand trade figures in black

(Xinhua)

13:07, February 27, 2012

WELLINGTON, Feb. 27 (Xinhua) -- The import of large aircraft pushed New Zealand's trade figures into the red in January despite a hefty increase in exports to China, the government statistics agency announced Monday.

Milk powder, butter and cheese exports rose 25 percent last month compared with January 2011, while meat exports fell 13 percent, according to Statistics New Zealand.

"The trend for dairy exports has increased strongly since August 2011," Statistics New Zealand industry and labor statistics manager Neil Kelly said in a statement.

"However, the trend for meat exports has been falling since July 2011."

Last month, export values were up 430 million NZ dollars (359. 14 million U.S. dollars), or 13 percent, from January 2011, and imports increased by 637 million NZ dollars, or 19 percent, due to petroleum products and large aircraft imports.

"The trade balance for the January 2011 month was a deficit of 199 million NZ dollars, or 5.3 percent of exports. If the one-off importation of large aircraft is excluded, there would have been a small trade surplus of 14 million NZ dollars," said the statement.

The largest increase in New Zealand exports -- 173 million NZ dollars or 38 percent -- last month went to China, led by milk powder, butter and cheese.

Dairy products also drove increased exports to Venezuala, the United States and Egypt, while exports to Australia were up 34 million NZ dollars, or 4.9 percent, led by still white wine.

Increases in the value of imports to New Zealand were led by the United States at 229 million NZ dollars or 79 percent, followed by Oman and Brunei with rises in the value of crude oil.

Imports from China were up 93 million NZ dollars, or 17 percent, over a range of commodities, but clothing and portable computers had the largest increases.

Email|Print|Comments(Editor:王莉莉)

Leave your comment1 comments

  1. Name

chong chong guo at 2012-02-27182.40.183.*
wirte some articles what i am interested in
  

Selections for you


  1. Chinese, Sudanese FMs meet on ties

  2. The beauty of a girl bodybuilder

  3. Big winners at 84th Annual Academy Awards

  4. A journey to the mysterious DPRK

Most Popular

Opinions

  1. Questions facing NATO's strategic transformation
  2. US, DPRK talks offer window into new leadership
  3. Chinese people's feelings cannot be hurt
  4. US far from being model of social wealth distribution
  5. China will run short of 25 kinds of minerals by 2020
  6. Fish out the loan sharks
  7. American-style democracy unsuitable for Iraq
  8. Finding out truth crucial to resolving Syrian crisis
  9. Deposit reserve ratio cut does not mean policy shift
  10. Is West genuinely trying to 'save' Syria?

What's happening in China

Help to vocational schools aids students

  1. Worker wakes up without left kidney
  2. Parents look to sessions for more kindergartens
  3. China to launch campaign against online porn
  4. Beijing begins traffic restrictions
  5. No-smoking rules given a new push

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai