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Exports and imports hit new highs in 2017

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Jan 30, 2018  -  Both exports and imports reached new highs in 2017, as New Zealand earned more from agricultural products and bought more cars and computers, Stats NZ said today.

“The previous high for the value of goods exports in a calendar year was 2014,” international statistics manager Tehseen Islam said. “The previous high for imports was 2015.”

Annual exports were valued at $53.7 billion for the year ended December 2017, up $5.2 billion (11 percent) from 2016. Dairy products led the rise, up $2.8 billion to $14.0 billion. Meat rose $706 million to $6.6 billion. Logs, wood, and wood articles rose $546 million to $4.7 billion.

Imports for the December 2017 year were up $4.9 billion, to $56.5 billion. Mechanical machinery and equipment (such as aircraft parts and computers) rose $1.3 billion to $8.2 billion. Vehicles, parts, and accessories (mainly cars, trucks, and vans) rose $1.2 billion to $8.9 billion.

Continue here to read the full article on NZSTATSNZ  ||  January 30, 2018   |||