Goods exports rose NZD 227 million in August 2014 compared with August 2013, to NZD 3.5 billion. Live animals led the rise in exports, due to live cattle. Milk powder, butter, and cheese exports also contributed to the increase, led by higher quantities. The 16-percent rise in milk powder, butter, and cheese was led by milk fat and cheese.
The value of imported goods fell NZD 536 million to NZD 4.0 billion, compared with August 2013. The fall was influenced by the one-off import of a drilling platform in August last year.
Seasonally adjusted exports rose 15 percent, led by increases in crude oil, dairy, and meat exports. Seasonally adjusted imports fell 2.8 percent.