Butter | Milk powder, butter, cheese lead New Zealand’s exports fall

New Zealand exports of milk powder, butter, and cheese fell 10 percent to 1.5 billion NZ dollars (900 million U.S. dollars) in June, compared with the same month last year, which led the fall of the goods exports, the statistics department Stats NZ said on Monday.

New Zealand goods exports fell by 0.1 percent in June 2024 to 6.2 billion NZ dollars (3.73 billion U.S. dollars), compared with June 2023, while goods imports fell by 13 percent to 5.5 billion NZ dollars (3.31 billion U.S. dollars), with the monthly trade balance a surplus of 699 million NZ dollars (420.79 million U.S. dollars), Stats NZ said.

Other dairy-based products, including infant formula and casein and caseinates, rose in this period, it said.

Offsetting the fall in exports was an increase in fruit, up 18 percent in this period, which was led by kiwifruit, up 21 percent to 423 million NZ dollars (254.64 million U.S. dollars), Stats NZ said.

Petroleum and products led the fall in imports, with petroleum and products’ imports dropping by 55 percent, statistics show.

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Topics |
Butter, cheese, exports, Milk Powder

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