New Zealand Exports - Bilateral

NEW ZEALAND BILATERAL FREE
TRADE AGREEMENT EXPORTS
January 2017 to December 2017

BRIEF DISCLAIMER
• Overseas trade and cargo data is provided by exporters/importers and their agents
to the New Zealand Customs Service. Customs Service data is processed and
passed to Statistics New Zealand for further editing, compilation and aggregation
by Statistics New Zealand before we receive the processed data.
• All overseas merchandise trade data is provisional for three months, and is
therefore subject to change until finalised. As at writing, (February 2018) data
for October, November and December have been classified as provisional by
both Stats NZ and Indo-NZ Enterprises Ltd.
• This report has been prepared in good faith based on information obtained from
the sources above and we believe the data to be reliable and accurate. However,
that information has not been independently verified or investigated by us.
• The full disclaimer can be viewed here.

ATTRIBUTION
• This work is based on/includes Stats NZ’s data which are licensed by Stats NZ for re-
use under the Creative Commons Attribution 4.0 International licence.
• Regional classification was sourced from the UN. Some country names may have
changed since this standard was implemented, and those changes have been
reflected in this report.
• Minor changes have been made from the M.49 standard for example:
• China, Hong Kong Special Administrative Region in the M.49 entry was modified to Hong Kong (SAR) in
this report
• China, Macao Special Administrative Region in the M.49 entry was modified to Macau(SAR) in this report
• Analysis provided by Indo-NZ Enterprises and also through use of Narrative Science’s
PowerBI plugin

GENERAL NOTES
• Exports have been defined by Stats NZ as “goods of domestic origin exported from
New Zealand to another country. Exports in this release are valued fob and are
shown in New Zealand dollars. Estimated values may be used for goods that are
not already sold at the time of export entry lodgement.”
• Re-Exports has been defined by Stats NZ as “merchandise exports that were
earlier imported into New Zealand and have less than 50 percent New Zealand
content by value.”
• Not all quantity (Export Quantity and Re-Export Quantity) fields in all records were
populated in the source data. Readers of this brief should be aware that the fields
mentioned are absolute minimums. The actual true count of quantities is therefore
likely to be much higher.
• While preparing the analysis of the date, items such as chapter, heading, etc. are
treated as dimensions. Measures are not summed across dimensions.

GENERAL NOTES
• Total Exports is the sum of all exported and re-exported goods.
• The international Harmonised System for Classification follows a hierarchical
structure, comprising 21 sections, 98 chapters (2 digit), 1229 headings (4 digit), and
5,394 sub-headings (6 digit). This structure is further broken down into approximately
15,300 statistical keys (10 digit) for New Zealand's purposes (as the NZHSC).
• For Multilateral reporting, individual markets may be part of multiple agreements (for
example, APEC, ASEAN, ASEAN Regional Forum). As this is a high level summary, I
have not broken down the individual markets within the agreement, however this is
possible at the source level. Please contact us for further details.

EXPORTS TO AUSTRALIA BY MONTH
(NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $590,294,933 $65,538,112 $655,833,045
February $603,553,537 $63,848,330 $667,401,867
March $607,079,969 $82,830,023 $689,909,992
April $614,384,825 $83,636,076 $698,020,901
May $638,813,773 $56,851,387 $695,665,160
June $617,948,956 $59,340,918 $677,289,874
July $670,132,171 $59,029,359 $729,161,530
August $799,597,361 $54,923,282 $854,520,643
September $682,509,638 $61,474,806 $743,984,444
October $741,446,107 $105,600,548 $847,046,655
November $695,150,332 $65,396,919 $760,547,251
December $734,788,112 $64,381,915 $799,170,027

AUSTRALIA OVERVIEW
• Exports and Re-Exports moved in opposite directions from January to December,
with Exports rising by 24% and Re-Exports falling by 1.76%.
• Exports trended upward in December. On the other hand, Re-Exports trended
downward.
• Exports was higher than Re-Exports over the entire series, higher by $597.7
million on average.
• There does not seem to be a relationship between the series based on the fact that
none are significantly correlated with one another.
• Of note, Exports rose over two consecutive months from June to August (+$181.6
million). However, by September, it had reverted significantly to $682.5 million.
• Whereas Exports increased (from June to August), Re-Exports actually decreased.

AUSTRALIA EXPORTED GOODS
with Exports rising by 24% and Re-Exports falling by 1.76%.
downward.
million on average.
• Of note, Exports rose over two consecutive months from June to August (+$181.6
million). However, by September, it had reverted significantly to $682.5 million.
• Whereas Exports increased (from June to August), Re-Exports actually decreased.

AUSTRALIA RE-EXPORTED GOODS
• Average Re-Exports was $68.6 million across all 12 months.
• Values ranged from $54.9 million (August) to $105.6 million (October).
• The largest single decline occurred in November (-38%).
• Contrasting with the overall decrease, the largest net growth was from August to
October, when Re-Exports increased by $50.7 million (92%).
• Re-Exports had a significant positive peak between August ($54.9 million) and
December ($64.4 million), rising to $105.6 million in October. However, Re-Exports
had a significant dip between April ($83.6 million) and October ($105.6 million), falling
to $54.9 million in August.
• Re-Exports fluctuated over the course of the series with 60% of data points moving in
an opposite direction from the previous point.

EXPORTS TO CHINA BY MONTH (NZD)
January $846,593,425 $5,157,242 $851,750,667
February $815,257,622 $6,700,757 $821,958,379
March $1,053,552,361 $2,056,204 $1,055,608,565
April $969,526,336 $2,342,534 $971,868,870
May $937,625,014 $2,709,986 $940,335,000
June $1,022,566,365 $4,235,189 $1,026,801,554
July $1,003,403,893 $4,065,791 $1,007,469,684
August $720,119,121 $2,021,224 $722,140,345
September $870,023,101 $2,431,805 $872,454,906
October $988,167,135 $6,326,584 $994,493,719
November $1,157,590,175 $4,167,466 $1,161,757,641
December $1,548,009,091 $2,464,053 $1,550,473,144

CHINA OVERVIEW
with Exports rising by 83% and Re-Exports falling by 52%.
million on average.
• Of note, Exports rose over four consecutive months from August to December
(+$827.9 million), outpacing the overall increase across the entire series.
• While Exports increased (from August to December), Re-Exports also increased.

CHINA EXPORTED GOODS
• Average Exports was $994.4 million across all 12 months.
• The minimum value was $720.1 million (August) and the maximum was $1.55
billion (December).
• The largest single increase occurred in December (+34%).
• The largest net improvement was from August to December, when Exports improved
by $827.9 million (115%).
• Contrasting with the overall increase, the largest net decline was from March to
August, when Exports fell by $333.4 million (32%). The two months of consecutive
decline from June to August when Exports decreased by 30% significantly impacted
this net decline.

CHINA RE-EXPORTED GOODS
• Values ranged from $2.0 million (August) to $6.7 million (February) with the largest
single decline occurred in March (-69%).
• The largest net improvement was from August to October, when Re-Exports rose
by $4.3 million (213%). Re-Exports showed the longest span of consistent growth
over three months from March to June, improving by 106%.
• The largest net decline was from February to August, when Re-Exports fell by $4.7
million(70%). Re-Exports showed the longest spans of consistent decline
over two months from October to December, falling by 61%, and from June to
August, decreasing by 52%.
• Re-Exports had a significant dip between July and October, starting at $4.1 million,
falling slightly to $2.0 million at August and ending all the way back up at $6.3 million.

EXPORTS TO HONG KONG SAR BY
MONTH (NZD)
January $49,862,668 $2,427,852 $52,290,520
February $58,464,373 $5,227,510 $63,691,883
March $72,354,979 $2,581,773 $74,936,752
April $79,227,716 $2,630,567 $81,858,283
May $82,191,431 $3,033,236 $85,224,667
June $73,805,704 $4,766,579 $78,572,283
July $82,243,511 $2,107,728 $84,351,239
August $89,802,642 $2,214,018 $92,016,660
September $88,279,593 $3,989,123 $92,268,716
October $164,433,498 $1,865,393 $166,298,891
November $163,014,776 $4,938,904 $167,953,680
December $187,077,829 $4,131,735 $191,209,564

HONG KONG SAR OVERVIEW
• Both Exports and Re-Exports increased from January to December, with Exports
rising by 275% and Re-Exports rising by 70% over that time frame.
downward.
• Exports was higher than Re-Exports over the entire series, higher by $95.9 million on
average.
• Of note, Exports rose over four consecutive months from January to May (+$32.3
million). However, by June, it had reverted to $73.8 million.
• The four-month streak accounted for 24% of the overall increase across the entire
series.
• While Exports increased (from January to May), Re-Exports also increased.

HONG KONG SAR
EXPORTED GOODS
• Average Exports was $99.2 million across all 12months.
• The minimum value was $49.9 million (January) and the maximum was $187.1
million(December).
• The largest single increase occurred in October (+86%).
• Exports showed the longest span of consistent growth over four months from January
to May, rising by 65%.
• Exports fluctuated over the course of the series with 60% of data points moving in an
opposite direction from the previous point.

HONG KONG SAR
RE-EXPORTED GOODS
• The minimum value was $1.9 million (October) and the maximum was $5.2
million (February).
• The largest single increase occurred in November (+165%).
• Re-Exports showed the longest span of consistent improvement
over three months from March to June, increasing by 85%.
• Re-Exports had a significant positive peak between January ($2.4 million) and April
($2.6 million), rising to $5.2 million in February.
• Re-Exports fluctuated over the course of the series with 70% of data points moving in
an opposite direction from the previous point.

EXPORTS TO KOREA BY MONTH (NZD)
January $96,251,806 $98,796 $96,350,602
February $116,162,624 $59,269 $116,221,893
March $121,874,694 $217,132 $122,091,826
April $154,269,620 $447,367 $154,716,987
May $156,369,094 $486,849 $156,855,943
June $150,926,274 $207,633 $151,133,907
July $140,064,512 $364,506 $140,429,018
August $98,920,978 $2,094,583 $101,015,561
September $88,164,688 $295,335 $88,460,023
October $110,455,658 $508,118 $110,963,776
November $114,367,898 $753,882 $115,121,780
December $144,465,432 $305,012 $144,770,444

KOREA, OVERVIEW
• Both Re-Exports and Exports increased from January to December, with Re-Exports
rising by 209% and Exports rising by 50% over that time frame.
• Exports was higher than Re-Exports over the entire series, higher by $123.9 million
on average.
• Of note, Exports fell over four consecutive months from May to September (-$68.2
million). However, by December, it had rebounded significantly to $144.5 million.
• While Exports decreased (from May to September), Re-Exports also decreased.

KOREA, EXPORTED GOODS
• Values ranged from $88.2 million (September) to $156.4 million (May).
• The largest single increase occurred in April (+27%).
• The largest net growth was from January to May, when Exports rose by $60.1 million
(62%).
• Contrasting with the overall increase, the largest net decline was from May to
September, when Exports decreased by $68.2 million (44%).
• Exports had a significant dip between June ($150.9 million) and December ($144.5
million), falling to $88.2 million in September.

KOREA, RE-EXPORTED GOODS
• Average Re-Exports was $486,540 across all 12 months.
• Values ranged from $59,269 (February) to $2.1 million (August).
• The largest single increase occurred in August (+475%).
• The largest net growth was from February to August, when Re-Exports rose by $2.0
million (3,434%). The three months of consecutive growth from February to May
when Re-Exports increased by 721% significantly impacted this net growth.
• Contrasting with the overall increase, the largest net decline was from August to
September, when Re-Exports decreased by $1.8 million (86%).
• Re-Exports had a significant positive peak between June ($207,633) and October
($508,118), rising to $2.1 million in August.

EXPORTS TO MALAYSIA BY MONTH
(NZD)
January $98,250,248 $422,324 $98,672,572
February $85,787,177 $966,261 $86,753,438
March $84,680,260 $1,170,361 $85,850,621
April $80,301,006 $1,460,181 $81,761,187
May $95,001,093 $1,506,977 $96,508,070
June $95,536,724 $992,469 $96,529,193
July $89,147,250 $1,037,092 $90,184,342
August $49,027,104 $754,001 $49,781,105
September $69,757,087 $476,316 $70,233,403
October $77,852,261 $1,043,250 $78,895,511
November $82,791,123 $975,758 $83,766,881
December $96,760,254 $1,992,908 $98,753,162

MALAYSIA OVERVIEW
• Exports finished trending upward in December, more than Re-Exports.
average.
• Exports and Re-Exports had a weak positive correlation (coefficient of 0.37),
suggesting that as one (Exports) increases, the other (Re-Exports) may also
increase, or vice versa.
• Of note, Exports rose over four consecutive months from August to December
(+$47.7 million).
• While Exports increased (from August to December), Re-Exports also increased.

MALAYSIA EXPORTED GOODS
• Values ranged from $49.0 million (August) to $98.3 million (January).
• The largest single decline occurred in August (-45%). The largest single increase
immediately followed the biggest single decrease, when it rose 42% from $49.0
million to $69.8 million in September.
• Contrasting with the overall decrease, the largest net improvement was from August
to December, when Exports increased by $47.7 million (97%).
• The largest net decline was from January to August, when Exports decreased by
$49.2 million (50%). The three months from January to April when Exports decreased
by 18% significantly impacted this net decline.
• Exports had a significant dip between June ($95.5 million) and December ($96.8
million), falling to $49.0 million in August

MALAYSIA RE-EXPORTED GOODS
• The minimum value was $422,324 (January) and the maximum was $2.0 million
(December).
• The largest single increase on a percentage basis occurred in February (+129%).
However, the largest single increase on an absolute basis occurred in December
(+$1.0 million).
• The largest net growth was from January to December, when Re-Exports improved
by $1.6 million (372%). The four months of consecutive growth from January to May
when Re-Exports rose by 257% significantly impacted this net growth.
• Contrasting with the overall increase, the largest net decline was from May to
September, when Re-Exports decreased by $1.0 million (68%). The two months from
July to September when Re-Exports decreased by 54% significantly impacted this net
decline.

EXPORTS TO SINGAPORE BY MONTH
(NZD)
January $76,477,266 $2,602,520 $79,079,786
February $53,747,441 $3,386,741 $57,134,182
March $71,833,749 $4,314,595 $76,148,344
April $137,402,675 $8,664,073 $146,066,748
May $87,295,276 $4,996,777 $92,292,053
June $70,837,250 $5,484,759 $76,322,009
July $77,052,991 $5,787,966 $82,840,957
August $83,062,326 $5,717,344 $88,779,670
September $57,058,756 $5,531,105 $62,589,861
October $102,826,699 $4,095,652 $106,922,351
November $94,765,255 $5,060,134 $99,825,389
December $149,663,023 $7,578,123 $157,241,146

SINGAPORE OVERVIEW
average.
• Exports and Re-Exports had a strong positive correlation (coefficient of 0.71),
suggesting that as one (Exports) increases, so does the other (Re-Exports), or vice
versa.
• Of note, Exports rose over two consecutive months from February to April (+$83.7
million). However, by June, it had reverted significantly to $70.8 million. The two-
month streak actually outpaced the overall change across the entire series.
• While Exports increased (from February to April), Re-Exports also increased.

SINGAPORE EXPORTED GOODS
• Values ranged from $53.7 million (February) to $149.7 million (December).
• Exports showed the longest spans of consistent growth over two months from
February to April, increasing by 156%, and from June to August, increasing by 17%.
• Contrasting with the overall increase, the largest net decline was from April to
September, when Exports fell by $80.3 million (58%). The two months of consecutive
decline from April to June when Exports fell by 48% significantly impacted this net
decline.
• Exports had a significant positive peak between February ($53.7 million) and July
($77.1 million), rising to $137.4 million in April. However, Exports had a significant dip
between January and April, starting at $76.5 million, falling slightly to $53.7 million at
February and ending all the way back up at $137.4 million.

SINGAPORE RE-EXPORTED GOODS
• The minimum value was $2.6 million (January) and the maximum was $8.7 million
(April).
• The largest single increase occurred in April (+101%).
• The largest single decrease immediately followed the biggest single increase, when it
fell 42% from $8.7 million to $5.0 million in May.
October, when Re-Exports decreased by $4.6 million (53%). The three months of
consecutive decline from July to October when Re-Exports decreased by 29%
significantly impacted this net decline.
• Re-Exports had a significant positive peak between January ($2.6 million) and June
($5.5 million), rising to $8.7 million in April.

EXPORTS TO THAILAND BY MONTH
(NZD)
January $98,810,307 $909,858 $99,720,165
February $74,177,283 $2,060,386 $76,237,669
March $101,947,643 $726,782 $102,674,425
April $80,190,292 $2,403,567 $82,593,859
May $75,492,777 $859,438 $76,352,215
June $60,486,359 $509,596 $60,995,955
July $70,762,177 $722,759 $71,484,936
August $43,191,296 $1,913,788 $45,105,084
September $44,735,269 $443,323 $45,178,592
October $68,614,829 $1,300,107 $69,914,936
November $60,985,055 $336,015 $61,321,070
December $92,017,667 $358,478 $92,376,145

THAILAND OVERVIEW
average.
• Exports and Re-Exports had a strong positive correlation (coefficient of 0.71),
suggesting that as one (Exports) increases, so does the other (Re-Exports), or vice
versa.
• Of note, Exports rose over two consecutive months from February to April (+$83.7
million). However, by June, it had reverted significantly to $70.8 million. The two-
month streak actually outpaced the overall change across the entire series.
• While Exports increased (from February to April), Re-Exports also increased.

THAILAND EXPORTED GOODS
• Values ranged from $53.7 million (February) to $149.7 million (December).
• Exports showed the longest spans of consistent growth over two months from
February to April, increasing by 156%, and from June to August, increasing by 17%.
September, when Exports fell by $80.3 million (58%). The two months of consecutive
decline from April to June when Exports fell by 48% significantly impacted this net
decline.
• Exports had a significant positive peak between February ($53.7 million) and July
($77.1 million), rising to $137.4 million in April. However, Exports had a significant dip
between January and April, starting at $76.5 million, falling slightly to $53.7 million at
February and ending all the way back up at $137.4 million.

THAILAND RE-EXPORTED GOODS
• The minimum value was $2.6 million (January) and the maximum was $8.7 million
(April).
• The largest single decrease immediately followed the biggest single increase, when it
fell 42% from $8.7 million to $5.0 million in May.
October, when Re-Exports decreased by $4.6 million (53%). The three months of
consecutive decline from July to October when Re-Exports decreased by 29%
significantly impacted this net decline.
• Re-Exports had a significant positive peak between January ($2.6 million) and June
($5.5 million), rising to $8.7 million in April

SERVICES WE OFFER
• We can provide analysis on Exported and Re-Exported goods from New Zealand
to the world, broken into Continent, Sub-Continent and Market level detail from
1990 to date for single or multiple years, by quarter or by month.
• We can provide bespoke or regular reporting on a variety of topics. Contact us to
find out more.
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