Import Levels Rising in New Zealand

June 27, 2016 New Zealand Taxation

Import levels are rising in New Zealand, with the import of consumer gods leading the charge.

On June 27th Statistics New Zealand released new information showing that over the month of May the goods trade surplus in the country reached NZD 358 million.

The total of all goods imported into New Zealand over the curse of May rose by 5.7 percent compared to the previous month, reaching a level of NZD 4.2 billion.

Over the same time period, the level of exports from New Zealand rose by 5.1 percent, reaching 4.6 billion, leading to a total differential of NZD 358 million.

The rise in imports was led primarily by a 16 percent increase in the level of consumer goods imported, a rise equivalent to NZD 152 million worth of extra imports.

Most export groups also rose in May, however, the export of milk, butter and cheese dropped by 9.9 percent.

Photo By: Andrew