#Dairy leads China export increase

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Exports to China in January were double those to New Zealand’s former largest trading partner Australia.
Sales to China jumped to a third of total exports, helping push the country to record its highest-ever trade surplus for a January month.
 
Official figures show a surplus of $306 million, the third consecutive month the trade balance has been in the black.
Exports rose 22 percent to $4.1 billion due to increased sales of milk powder, butter and cheese overseas.
 
Dairy products led the $1.2 billion worth of goods sold to China, while exports to Australia fell by $80 million to $556 million due to lower sales of crude oil, and unwrought gold and silver.
 
Imports rose a modest 3.5 percent to $3.8 billion, and on an annual basis, the country posted a surplus of $310 million.
 
Bank of New Zealand economist Craig Ebert says dairy and forestry are driving the exports.
He says there are a lot of positive indicators in these figures and the trade numbers are consistent with ongoing growth at the start of this year and a shrinking current account deficit.
 
Source: Radio NZ

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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