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Chinese dairy demand bolsters New Zealand trade surplus

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Staff Writer | March 3, 2017
New Zealand ran up a small trade surplus in the 2016 calendar year, with dairy exports to China providing the biggest single boost, the government statistics agency said.
Chinese dairy demand
Trade   The government statistics agency:
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Overall, New Zealand's trade surplus with the rest of the world last year stood at 3.7 billion NZ dollars ($2.64 billion), according to Statistics New Zealand.

Total exports were 70.1 billion NZ dollars ($50.05 billion) and total imports were 66.4 billion NZ dollars ($47.41 billion).

The top export destination was Australia, with a value of 12.8 billion NZ dollars ($9.13 billion), followed by China at 12.3 billion NZ dollars ($8.77 billion).

New Zealand sent 2.7 billion NZ dollars ($1.92 billion) of dairy products to China in 2016 year - its largest export earner - up from 2.4 billion NZ dollars ($1.71 billion) in 2015.

New Zealand ran a trade deficit with the European Union, its biggest imports provider.

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