Exports went up 6.6 percent year-on-year to NZD 4.86 billion in October of 2018, a record high for that month. Among main categories, sales were triggered by fruits (+136.5 percent), mostly due to unusually high kiwifruit exports for an October month; meat and edible offal (+19.8 percent) and mechanical machinery & equipment (+23.1 percent). Petroleum products excluding crude oil exports surged 234.4 percent to NZD 72 million. In contrast, exports of milk powder, butter & cheese declined 3.3 percent. Among major export partners, sales grew to China (24.3 percent), Korea (33.0 percent), the UK (39.0 percent), the EU (31.7 percent), Japan (19.7), and the US (17.7 percent) . In contrast, shipments fell to Hong Kong (-43.8 percent), Indonesia (-19.8 percent), and Australia (-4.1 percent).
Imports jumped 14.1 percent to an all-time high of NZD 6.15 billion in October of 2018. Among main categories, imports were mainly driven petroleum and petroleum products (+68.2 percent), namely crude oil and fuels; electrical machinery and equipment (+19.9 percent), led by cellphones; mechanical machinery & equipment (+11.4 percent) textiles (+33.4 percent), and iron & steel (+26.3 percent). In contrast, sales of vehicles, parts and accessories went down 12.4 percent and those of aircrafts & parts fell 70.9 percent. Among top import partners, purchases were mainly driven by China (+41.4 percent), Korea (+47.7), UAE (+42.4 percent), Malaysia (+40.4 percent) and Australia (15.4 percent). In contrast, imports declined from the United States (-26.7 percent) and the European Union (-1.4 percent).