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NEW ZEALAND MULTILATERAL
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.
AANZFTA
EXPORTS TO AANZFTA BY MONTH
(NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $1,084,249,354 $69,837,198 $1,154,086,552
February $977,189,939 $71,089,656 $1,048,279,595
March $1,055,938,613 $90,620,273 $1,146,558,886
April $1,130,304,290 $96,527,071 $1,226,831,361
May $1,101,321,846 $66,077,598 $1,167,399,444
June $1,066,576,260 $77,170,293 $1,143,746,553
July $1,152,482,333 $68,080,550 $1,220,562,883
August $1,104,705,690 $64,505,656 $1,169,211,346
September $1,004,448,474 $68,749,806 $1,073,198,280
October $1,225,071,624 $114,364,804 $1,339,436,428
November $1,152,786,535 $73,919,421 $1,226,705,956
December $1,304,572,000 $75,419,989 $1,379,991,989
AANZFTA OVERVIEW
• Both Exports and Re-Exports increased from January to December, with Exports
rising by 20% and Re-Exports rising by 7.99% over that time frame.
• Exports was higher than Re-Exports over the entire series, higher by $1.04 billion on
average.
• Exports and Re-Exports had a weak positive correlation (coefficient of 0.34),
suggesting that as one (Exports) increases, the other (Re-Exports) may also increase,
or vice versa.
• Of note, Exports increased over two consecutive months from February to April
(+$153.1 million). However, by June, it had reverted to $1.07 billion.
• The two-month streak accounted for 69% of the overall increase across the entire
series.
• While Exports increased (from February to April), Re-Exports also increased.
AANZFTA EXPORTED GOODS
• Average Exports was $1.11 billion across all 12 months.
• The minimum value was $977.2 million (February) and the maximum was $1.30
billion (December).
• Exports showed the longest span of consistent improvement over two months from
February to April, improving by 16%.
• Contrasting with the overall increase, the largest net decline was from July to
September, when Exports decreased by $148.0 million (13%).
• Exports had a significant positive peak between June ($1.07 billion) and
September ($1.00 billion), rising to $1.15 billion in July. However, Exports had a
significant dip between July and December, starting at $1.15 billion, falling slightly
to $1.00 billion at September and ending all the way back up at $1.30 billion.
AANZFTA RE-EXPORTED GOODS
• Average Re-Exports was $78.0 million across all 12 months.
• Values ranged from $64.5 million (August) to $114.4 million (October).
• Re-Exports showed the longest span of consistent growth over three months from
January to April, improving by 38%.
• Contrasting with the overall increase, the largest net decline was from October to
November, when Re-Exports decreased by $40.4 million (35%). Re-Exports
showed the longest span of consistent decline over two months from June to
August, falling by 16%.
• Re-Exports had a significant dip between April ($96.5 million) and October ($114.4
million), falling to $64.5 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.
APEC MARKETS
EXPORTS TO APEC MARKETS BY
MONTH (NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $2,829,692,641 $99,794,608 $2,929,487,249
February $2,761,460,755 $107,401,697 $2,868,862,452
March $3,245,149,446 $113,931,075 $3,359,080,521
April $3,303,554,705 $116,894,259 $3,420,448,964
May $3,397,622,103 $92,109,354 $3,489,731,457
June $3,370,374,772 $101,270,380 $3,471,645,152
July $3,293,780,189 $92,645,571 $3,386,425,760
August $2,647,027,660 $86,726,488 $2,733,754,148
September $2,713,673,551 $88,074,342 $2,801,747,893
October $3,114,558,743 $138,172,523 $3,252,731,266
November $3,210,412,855 $96,089,826 $3,306,502,681
December $4,031,394,064 $91,848,006 $4,123,242,070
APEC MARKETS OVERVIEW
• Exports and Re-Exports moved in opposite directions from January to December, with
Exports rising by 42% and Re-Exports falling by 7.96%.
• 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 $3.06 billion on
average.
• Of note, Exports rose over four consecutive months from August to December (+$1.38
billion), outpacing the overall change across the entire series.
• While Exports increased (from August to December), Re-Exports also increased..
APEC MARKETS EXPORTED GOODS
• Average Exports was $3.16 billion across all 12 months.
• Values ranged from $2.65 billion (August) to $4.03 billion (December).
• The largest single increase occurred in December (+26%).
• The largest net improvement was from August to December, when Exports rose by
$1.38 billion (52%).
• Contrasting with the overall increase, the largest net decline was from May to
August, when Exports decreased by $750.6 million (22%).
• Exports had a significant dip between June ($3.37 billion) and December ($4.03
billion), falling to $2.65 billion in August
APEC MARKETS RE-EXPORTED
GOODS
• Average Re-Exports was $102.1 million across all 12 months.
• The minimum value was $86.7 million (August) and the maximum was $138.2
million (October).
• The largest single decline occurred in November (-30%).
• Contrasting with the overall decrease, the largest net improvement was from
August to October, when Re-Exports improved by $51.4 million (59%). Re-Exports
showed the longest span of consistent improvement over three months from
January to April, rising by 17%.
• The largest net decline was from October to December, when Re-Exports
decreased by $46.3 million (34%).
ASEAN MARKETS
EXPORTS TO ASEAN MARKETS BY
MONTH (NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $1,615,817,499 $9,767,910 $1,625,585,409
February $1,510,427,849 $15,992,815 $1,526,420,664
March $1,913,583,395 $11,366,394 $1,924,949,789
April $1,943,667,120 $19,968,013 $1,963,635,133
May $1,930,890,403 $14,604,929 $1,945,495,332
June $1,959,002,408 $24,221,326 $1,983,223,734
July $1,913,559,879 $14,683,720 $1,928,243,599
August $1,358,075,035 $15,668,905 $1,373,743,940
September $1,531,044,993 $11,488,631 $1,542,533,624
October $1,822,609,060 $17,220,211 $1,839,829,271
November $1,920,666,431 $14,444,286 $1,935,110,717
December $2,569,553,445 $14,683,282 $2,584,236,727
ASEAN MARKETS OVERVIEW
• Both Exports and Re-Exports increased from January to December, with Exports
rising by 59% and Re-Exports rising by 50% over that time frame.
• Exports finished trending upward in December, more than Re-Exports.
• Exports was higher than Re-Exports over the entire series, higher by $1.82 billion 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 increased over four consecutive months from August to December
(+$1.21 billion), outpacing the overall movement across the entire series.
• Whereas Exports increased (from August to December), Re-Exports actually
decreased.
ASEAN MARKETS EXPORTED GOODS
• Average Exports was $1.83 billion across all 12 months.
• Values ranged from $1.36 billion (August) to $2.57 billion (December).
• The largest single increase occurred in December (+34%).
• The largest net growth was from August to December, when Exports rose by $1.21
billion (89%).
• Contrasting with the overall increase, the largest net decline was from June to
August, when Exports fell by $600.9 million (31%).
ASEAN MARKETS RE-EXPORTED
GOODS
• Average Re-Exports was $15.3 million across all 12 months.
• Values ranged from $9.8 million (January) to $24.2 million (June).
• The largest single increase on a percentage basis occurred in April (+76%).
However, the largest single increase on an absolute basis occurred in June (+$9.6
million).
• The largest net improvement was from January to June, when Re-Exports
improved by $14.5 million (148%). This net growth was almost three times larger
than the overall movement of the entire series.
• Re-Exports had a significant positive peak between May ($14.6 million) and
September ($11.5 million), rising to $24.2 million in June.
• Re-Exports fluctuated over the course of the series with 100% of data points
moving in an opposite direction from the previous point.
ASEAN REGIONAL FORUM MARKETS
EXPORTS TO ASEAN REGIONAL
FORUM BY MONTH (NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $2,783,086,003 $100,703,801 $2,883,789,804
February $2,768,206,844 $108,420,835 $2,876,627,679
March $3,210,064,269 $114,431,123 $3,324,495,392
April $3,285,548,530 $117,458,752 $3,403,007,282
May $3,398,379,676 $92,994,356 $3,491,374,032
June $3,316,092,957 $102,795,907 $3,418,888,864
July $3,234,608,286 $94,150,250 $3,328,758,536
August $2,645,286,322 $87,196,018 $2,732,482,340
September $2,710,138,943 $89,144,615 $2,799,283,558
October $3,129,740,033 $137,864,295 $3,267,604,328
November $3,222,625,306 $97,157,964 $3,319,783,270
December $4,003,767,066 $92,416,727 $4,096,183,793
ASEAN REGIONAL FORUM MARKETS
OVERVIEW
• Exports and Re-Exports moved in opposite directions from January to December, with
Exports rising by 44% and Re-Exports falling by 8.23%.
• 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 $3.04 billion 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 increased over four consecutive months from August to December
(+$1.36 billion), outpacing the overall change across the entire series.
• While Exports increased (from August to December), Re-Exports also increased.
ASEAN REGIONAL FORUM MARKETS
EXPORTED GOODS
• Average Exports was $3.14 billion across all 12 months.
• The minimum value was $2.65 billion (August) and the maximum was $4.00 billion
(December).
• The largest single increase occurred in December (+24%).
• The largest net growth was from August to December, when Exports improved by
$1.36 billion (51%).
• Contrasting with the overall increase, the largest net decline was from May to
August, when Exports fell by $753.1 million (22%).
• Exports had a significant dip between June and December, starting at $3.32
billion, falling slightly to $2.65 billion at August and ending all the way back up at
$4.00 billion.
ASEAN REGIONAL FORUM MARKETS
RE-EXPORTED GOODS
• Average Re-Exports was $102.9 million across all 12 months.
• Values ranged from $87.2 million (August) to $137.9 million (October).
• The largest single decline occurred in November (-30%).
• Contrasting with the overall decrease, the largest net growth was from August to
October, when Re-Exports improved by $50.7 million (58%). Re-Exports showed
the longest span of consistent growth over three months from January to April,
improving by 17%.
• The largest net decline was from October to December, when Re-Exports
decreased by $45.4 million (33%).
EAST ASIA SUMMIT MARKETS
EXPORTS TO EAST ASIA SUMMIT
MARKETS BY MONTH (NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $2,651,716,117 $96,888,425 $2,748,604,542
February $2,619,766,851 $100,695,581 $2,720,462,432
March $3,058,310,453 $110,133,080 $3,168,443,533
April $3,130,040,906 $112,944,866 $3,242,985,772
May $3,256,001,031 $87,638,857 $3,343,639,888
June $3,196,050,975 $99,561,052 $3,295,612,027
July $3,100,415,750 $90,036,078 $3,190,451,828
August $2,537,804,665 $83,706,247 $2,621,510,912
September $2,597,240,985 $84,837,789 $2,682,078,774
October $2,967,963,968 $132,775,078 $3,100,739,046
November $3,072,393,472 $90,351,214 $3,162,744,686
December $3,850,433,676 $88,699,952 $3,939,133,628
EAST ASIA SUMMIT MARKETS
OVERVIEW
• Exports and Re-Exports moved in opposite directions from January to December, with
Exports rising by 45% and Re-Exports falling by 8.45%.
• 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 $2.90 billion 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 four consecutive months from August to December (+$1.31
billion), outpacing the overall change across the entire series.
• While Exports increased (from August to December), Re-Exports also increased..
EAST ASIA SUMMIT MARKETS
EXPORTED GOODS
• Average Exports was $3.00 billion across all 12 months.
• Values ranged from $2.54 billion (August) to $3.85 billion (December).
• The largest single increase occurred in December (+25%).
• The largest net growth was from August to December, when Exports rose by $1.31
billion (52%).
• Contrasting with the overall increase, the largest net decline was from May to
August, when Exports decreased by $718.2 million (22%).
• Exports had a significant dip between June ($3.20 billion) and December ($3.85
billion), falling to $2.54 billion in August.
EAST ASIA SUMMIT MARKETS
RE-EXPORTED GOODS
• Average Re-Exports was $98.2 million across all 12 months.
• The minimum value was $83.7 million (August) and the maximum was $132.8
million (October).
• The largest single decline occurred in November (-32%).
• Contrasting with the overall decrease, the largest net growth was from August to
October, when Re-Exports improved by $49.1 million (59%). Re-Exports showed
the longest span of consistent growth over three months from January to April,
increasing by 17%.
• The largest net decline was from October to December, when Re-Exports
decreased by $44.1 million (33%).
EUROPEAN UNION MARKETS
EXPORTS TO EUROPEAN UNION
MARKETS BY MONTH (NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $288,611,602 $12,838,746 $301,450,348
February $395,785,015 $10,795,736 $406,580,751
March $469,536,894 $22,614,763 $492,151,657
April $484,248,407 $17,122,113 $501,370,520
May $558,440,519 $10,397,322 $568,837,841
June $449,701,419 $9,620,287 $459,321,706
July $462,924,831 $20,189,654 $483,114,485
August $405,772,594 $7,228,214 $413,000,808
September $350,026,379 $6,638,560 $356,664,939
October $348,615,282 $9,981,501 $358,596,783
November $328,933,721 $10,740,254 $339,673,975
December $400,701,060 $11,179,182 $411,880,242
EUROPEAN UNION MARKETS
OVERVIEW
• Exports and Re-Exports moved in opposite directions from January to December, with
Exports rising by 39% and Re-Exports falling by 13%.
• Exports was higher than Re-Exports over the entire series, higher by $399.5 million on
average.
• Of note, Exports rose over four consecutive months from January to May (+$269.8
million). However, by September, it had reverted significantly to $350.0 million.
• The four-month streak actually outpaced the overall increase across the entire series.
• Whereas Exports increased (from January to May), Re-Exports actually decreased.
EUROPEAN UNION MARKETS
EXPORTED GOODS
• Average Exports was $411.9 million across all 12 months.
• The minimum value was $288.6 million (January) and the maximum was $558.4
million (May).
• The largest single increase occurred in February (+37%).
• The largest net growth was from January to May, when Exports increased by
$269.8 million (93%). This net growth was more than two times larger than the
overall movement of the entire series.
• Contrasting with the overall increase, the largest net decline was from May to
November, when Exports decreased by $229.5 million (41%). The four months
from July to November when Exports fell by 29% significantly impacted this net
decline.
EUROPEAN UNION MARKETS
RE-EXPORTED GOODS
• Average Re-Exports was $12.4 million across all 12 months.
• The minimum value was $6.6 million (September) and the maximum was $22.6
million (March).
• The largest single decline occurred in August (-64%).
• Contrasting with the overall decrease, the largest net improvement was from
February to March, when Re-Exports increased by $11.8 million (109%). Re-
Exports showed the longest span of consistent improvement over three months
from September to December, increasing by 68%.
• The largest net decline was from March to September, when Re-Exports
decreased by $16.0 million (71%). The three months of consecutive decline from
March to June when Re-Exports fell by 57% significantly impacted this net decline.
• Re-Exports had a significant dip between March ($22.6 million) and July ($20.2
million), falling to $9.6 million in June.
NORTH AMERICAN FREE TRADE
AGREEMENT MARKETS
EXPORTS TO NORTH AMERICAN FREE
TRADE AGREEMENT MARKETS BY MONTH
(NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $489,276,819 $22,127,824 $511,404,643
February $510,559,191 $22,367,296 $532,926,487
March $557,248,927 $15,878,482 $573,127,409
April $570,839,248 $10,993,802 $581,833,050
May $643,367,401 $17,941,813 $661,309,214
June $626,591,873 $15,143,061 $641,734,934
July $547,016,515 $18,242,295 $565,258,810
August $378,161,210 $13,888,195 $392,049,405
September $388,124,278 $13,483,988 $401,608,266
October $417,475,947 $12,028,582 $429,504,529
November $462,057,843 $14,319,402 $476,377,245
December $589,841,329 $11,250,507 $601,091,836
NORTH AMERICAN FREE TRADE
AGREEMENT MARKETS OVERVIEW
• Exports and Re-Exports moved in opposite directions from January to December, with
Exports rising by 21% and Re-Exports falling by 49%.
• 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 $499.4 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 increased over four consecutive months from August to December
(+$211.7 million), outpacing the overall increase across the entire series.
• Whereas Exports increased (from August to December), Re-Exports actually
decreased.
NORTH AMERICAN FREE TRADE
AGREEMENT
EXPORTED GOODS
• Average Exports was $515.0 million across all 12 months.
• Values ranged from $378.2 million (August) to $643.4 million (May).
• The largest single increase occurred in December (+28%).
• The largest net growth was from August to December, when Exports improved by
$211.7 million (56%). This net improvement was more than two times larger than
the overall movement of the entire series.
• Contrasting with the overall increase, the largest net decline was from May to
August, when Exports decreased by $265.2 million (41%).
• Exports had a significant dip between June ($626.6 million) and December
($589.8 million), falling to $378.2 million in August.
NORTH AMERICAN FREE TRADE
AGREEMENT
RE-EXPORTED GOODS
• Average Re-Exports was $15.6 million across all 12 months.
• Values ranged from $11.0 million (April) to $22.4 million (February).
• The largest single decline on a percentage basis occurred in April (-31%).
However, the largest single decline on an absolute basis occurred in March (-$6.5
million).
• The largest single increase immediately followed the biggest single decrease,
when it rose 63% from $11.0 million to $17.9 million in May.
• The largest net decline was from February to April, when Re-Exports decreased by
$11.4 million (51%). Re-Exports showed the longest span of consistent decline
over three months from July to October, decreasing by 34%.
• Re-Exports had a significant dip between February ($22.4 million) and May ($17.9
million), falling to $11.0 million in April.
TRANS PACIFIC STRATEGIC
ECONOMIC PARTNERSHIP (P4)
MARKETS
EXPORTS TO TRANS PACIFIC STRATEGIC
ECONOMIC PARTNERSHIP (P4) MARKETS
BY MONTH (NZD)
Month Exports (NZD) Re-Exports (NZD) All Exports (NZD)
January $95,051,338 $2,856,215 $97,907,553
February $75,435,598 $3,536,112 $78,971,710
March $88,685,933 $5,688,522 $94,374,455
April $154,905,582 $9,422,009 $164,327,591
May $100,929,900 $5,656,447 $106,586,347
June $87,099,280 $5,725,505 $92,824,785
July $93,961,803 $5,906,621 $99,868,424
August $95,856,845 $6,627,570 $102,484,415
September $66,781,708 $5,684,990 $72,466,698
October $114,234,964 $4,307,910 $118,542,874
November $106,326,736 $5,470,899 $111,797,635
December $162,818,038 $7,710,978 $170,529,016
TRANS PACIFIC STRATEGIC
ECONOMIC PARTNERSHIP (P4)
MARKETS OVERVIEW
• Both Re-Exports and Exports increased from January to December, with Re-Exports
rising by 170% and Exports rising by 71% over that time frame.
• Exports was higher than Re-Exports over the entire series, higher by $97.8 million on
average.
• Exports and Re-Exports had a moderate positive correlation (coefficient of 0.67),
suggesting that as one (Exports) increases, the other (Re-Exports) generally does too,
or vice versa.
• Of note, Exports rose over two consecutive months from February to April (+$79.5
million). However, by June, it had reverted significantly to $87.1 million.
• The two-month streak actually outpaced the overall increase across the entire series.
• While Exports increased (from February to April), Re-Exports also increased.
TRANS PACIFIC STRATEGIC ECONOMIC
PARTNERSHIP (P4)
EXPORTED GOODS
• Average Exports was $103.5 million across all 12 months.
• The minimum value was $66.8 million (September) and the maximum was $162.8
million (December).
• The largest net improvement was from September to December, when Exports
rose by $96.0 million (144%). Exports showed the longest spans of consistent
growth over two months from February to April, increasing by 105%, and from
June to August, increasing by 10%.
• Contrasting with the overall increase, the largest net decline was from April to
September, when Exports decreased by $88.1 million (57%). The two months from
April to June when Exports decreased by 44% significantly impacted this net
decline.
• Exports fluctuated over the course of the series with 70% of data points moving in
an opposite direction from the previous point.
TRANS PACIFIC STRATEGIC ECONOMIC
PARTNERSHIP (P4)
RE-EXPORTED GOODS
• Average Re-Exports was $5.7 million across all 12 months.
• The minimum value was $2.9 million (January) and the maximum was $9.4 million
(April).
• The largest net improvement was from January to April, when Re-Exports rose by
$6.6 million (230%).
• Contrasting with the overall increase, the largest net decline was from April to
October, when Re-Exports decreased by $5.1 million (54%). The two months of
consecutive decline from August to October when Re-Exports decreased by 35%
significantly impacted this net decline.
• Re-Exports had a significant positive peak between January ($2.9 million) and July
($5.9 million), rising to $9.4 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.
Website www.indonzenterprises.com
Email contact@indonzenterprises.com

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New Zealand Exports - Multilateral

  • 1. NEW ZEALAND MULTILATERAL TRADE AGREEMENT EXPORTS January 2017 to December 2017
  • 2. 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.
  • 3. 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
  • 4. 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.
  • 5. 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.
  • 7. EXPORTS TO AANZFTA BY MONTH (NZD) Month Exports (NZD) Re-Exports (NZD) All Exports (NZD) January $1,084,249,354 $69,837,198 $1,154,086,552 February $977,189,939 $71,089,656 $1,048,279,595 March $1,055,938,613 $90,620,273 $1,146,558,886 April $1,130,304,290 $96,527,071 $1,226,831,361 May $1,101,321,846 $66,077,598 $1,167,399,444 June $1,066,576,260 $77,170,293 $1,143,746,553 July $1,152,482,333 $68,080,550 $1,220,562,883 August $1,104,705,690 $64,505,656 $1,169,211,346 September $1,004,448,474 $68,749,806 $1,073,198,280 October $1,225,071,624 $114,364,804 $1,339,436,428 November $1,152,786,535 $73,919,421 $1,226,705,956 December $1,304,572,000 $75,419,989 $1,379,991,989
  • 8. AANZFTA OVERVIEW • Both Exports and Re-Exports increased from January to December, with Exports rising by 20% and Re-Exports rising by 7.99% over that time frame. • Exports was higher than Re-Exports over the entire series, higher by $1.04 billion on average. • Exports and Re-Exports had a weak positive correlation (coefficient of 0.34), suggesting that as one (Exports) increases, the other (Re-Exports) may also increase, or vice versa. • Of note, Exports increased over two consecutive months from February to April (+$153.1 million). However, by June, it had reverted to $1.07 billion. • The two-month streak accounted for 69% of the overall increase across the entire series. • While Exports increased (from February to April), Re-Exports also increased.
  • 9. AANZFTA EXPORTED GOODS • Average Exports was $1.11 billion across all 12 months. • The minimum value was $977.2 million (February) and the maximum was $1.30 billion (December). • Exports showed the longest span of consistent improvement over two months from February to April, improving by 16%. • Contrasting with the overall increase, the largest net decline was from July to September, when Exports decreased by $148.0 million (13%). • Exports had a significant positive peak between June ($1.07 billion) and September ($1.00 billion), rising to $1.15 billion in July. However, Exports had a significant dip between July and December, starting at $1.15 billion, falling slightly to $1.00 billion at September and ending all the way back up at $1.30 billion.
  • 10. AANZFTA RE-EXPORTED GOODS • Average Re-Exports was $78.0 million across all 12 months. • Values ranged from $64.5 million (August) to $114.4 million (October). • Re-Exports showed the longest span of consistent growth over three months from January to April, improving by 38%. • Contrasting with the overall increase, the largest net decline was from October to November, when Re-Exports decreased by $40.4 million (35%). Re-Exports showed the longest span of consistent decline over two months from June to August, falling by 16%. • Re-Exports had a significant dip between April ($96.5 million) and October ($114.4 million), falling to $64.5 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.
  • 12. EXPORTS TO APEC MARKETS BY MONTH (NZD) Month Exports (NZD) Re-Exports (NZD) All Exports (NZD) January $2,829,692,641 $99,794,608 $2,929,487,249 February $2,761,460,755 $107,401,697 $2,868,862,452 March $3,245,149,446 $113,931,075 $3,359,080,521 April $3,303,554,705 $116,894,259 $3,420,448,964 May $3,397,622,103 $92,109,354 $3,489,731,457 June $3,370,374,772 $101,270,380 $3,471,645,152 July $3,293,780,189 $92,645,571 $3,386,425,760 August $2,647,027,660 $86,726,488 $2,733,754,148 September $2,713,673,551 $88,074,342 $2,801,747,893 October $3,114,558,743 $138,172,523 $3,252,731,266 November $3,210,412,855 $96,089,826 $3,306,502,681 December $4,031,394,064 $91,848,006 $4,123,242,070
  • 13. APEC MARKETS OVERVIEW • Exports and Re-Exports moved in opposite directions from January to December, with Exports rising by 42% and Re-Exports falling by 7.96%. • 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 $3.06 billion on average. • Of note, Exports rose over four consecutive months from August to December (+$1.38 billion), outpacing the overall change across the entire series. • While Exports increased (from August to December), Re-Exports also increased..
  • 14. APEC MARKETS EXPORTED GOODS • Average Exports was $3.16 billion across all 12 months. • Values ranged from $2.65 billion (August) to $4.03 billion (December). • The largest single increase occurred in December (+26%). • The largest net improvement was from August to December, when Exports rose by $1.38 billion (52%). • Contrasting with the overall increase, the largest net decline was from May to August, when Exports decreased by $750.6 million (22%). • Exports had a significant dip between June ($3.37 billion) and December ($4.03 billion), falling to $2.65 billion in August
  • 15. APEC MARKETS RE-EXPORTED GOODS • Average Re-Exports was $102.1 million across all 12 months. • The minimum value was $86.7 million (August) and the maximum was $138.2 million (October). • The largest single decline occurred in November (-30%). • Contrasting with the overall decrease, the largest net improvement was from August to October, when Re-Exports improved by $51.4 million (59%). Re-Exports showed the longest span of consistent improvement over three months from January to April, rising by 17%. • The largest net decline was from October to December, when Re-Exports decreased by $46.3 million (34%).
  • 17. EXPORTS TO ASEAN MARKETS BY MONTH (NZD) Month Exports (NZD) Re-Exports (NZD) All Exports (NZD) January $1,615,817,499 $9,767,910 $1,625,585,409 February $1,510,427,849 $15,992,815 $1,526,420,664 March $1,913,583,395 $11,366,394 $1,924,949,789 April $1,943,667,120 $19,968,013 $1,963,635,133 May $1,930,890,403 $14,604,929 $1,945,495,332 June $1,959,002,408 $24,221,326 $1,983,223,734 July $1,913,559,879 $14,683,720 $1,928,243,599 August $1,358,075,035 $15,668,905 $1,373,743,940 September $1,531,044,993 $11,488,631 $1,542,533,624 October $1,822,609,060 $17,220,211 $1,839,829,271 November $1,920,666,431 $14,444,286 $1,935,110,717 December $2,569,553,445 $14,683,282 $2,584,236,727
  • 18. ASEAN MARKETS OVERVIEW • Both Exports and Re-Exports increased from January to December, with Exports rising by 59% and Re-Exports rising by 50% over that time frame. • Exports finished trending upward in December, more than Re-Exports. • Exports was higher than Re-Exports over the entire series, higher by $1.82 billion 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 increased over four consecutive months from August to December (+$1.21 billion), outpacing the overall movement across the entire series. • Whereas Exports increased (from August to December), Re-Exports actually decreased.
  • 19. ASEAN MARKETS EXPORTED GOODS • Average Exports was $1.83 billion across all 12 months. • Values ranged from $1.36 billion (August) to $2.57 billion (December). • The largest single increase occurred in December (+34%). • The largest net growth was from August to December, when Exports rose by $1.21 billion (89%). • Contrasting with the overall increase, the largest net decline was from June to August, when Exports fell by $600.9 million (31%).
  • 20. ASEAN MARKETS RE-EXPORTED GOODS • Average Re-Exports was $15.3 million across all 12 months. • Values ranged from $9.8 million (January) to $24.2 million (June). • The largest single increase on a percentage basis occurred in April (+76%). However, the largest single increase on an absolute basis occurred in June (+$9.6 million). • The largest net improvement was from January to June, when Re-Exports improved by $14.5 million (148%). This net growth was almost three times larger than the overall movement of the entire series. • Re-Exports had a significant positive peak between May ($14.6 million) and September ($11.5 million), rising to $24.2 million in June. • Re-Exports fluctuated over the course of the series with 100% of data points moving in an opposite direction from the previous point.
  • 22. EXPORTS TO ASEAN REGIONAL FORUM BY MONTH (NZD) Month Exports (NZD) Re-Exports (NZD) All Exports (NZD) January $2,783,086,003 $100,703,801 $2,883,789,804 February $2,768,206,844 $108,420,835 $2,876,627,679 March $3,210,064,269 $114,431,123 $3,324,495,392 April $3,285,548,530 $117,458,752 $3,403,007,282 May $3,398,379,676 $92,994,356 $3,491,374,032 June $3,316,092,957 $102,795,907 $3,418,888,864 July $3,234,608,286 $94,150,250 $3,328,758,536 August $2,645,286,322 $87,196,018 $2,732,482,340 September $2,710,138,943 $89,144,615 $2,799,283,558 October $3,129,740,033 $137,864,295 $3,267,604,328 November $3,222,625,306 $97,157,964 $3,319,783,270 December $4,003,767,066 $92,416,727 $4,096,183,793
  • 23. ASEAN REGIONAL FORUM MARKETS OVERVIEW • Exports and Re-Exports moved in opposite directions from January to December, with Exports rising by 44% and Re-Exports falling by 8.23%. • 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 $3.04 billion 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 increased over four consecutive months from August to December (+$1.36 billion), outpacing the overall change across the entire series. • While Exports increased (from August to December), Re-Exports also increased.
  • 24. ASEAN REGIONAL FORUM MARKETS EXPORTED GOODS • Average Exports was $3.14 billion across all 12 months. • The minimum value was $2.65 billion (August) and the maximum was $4.00 billion (December). • The largest single increase occurred in December (+24%). • The largest net growth was from August to December, when Exports improved by $1.36 billion (51%). • Contrasting with the overall increase, the largest net decline was from May to August, when Exports fell by $753.1 million (22%). • Exports had a significant dip between June and December, starting at $3.32 billion, falling slightly to $2.65 billion at August and ending all the way back up at $4.00 billion.
  • 25. ASEAN REGIONAL FORUM MARKETS RE-EXPORTED GOODS • Average Re-Exports was $102.9 million across all 12 months. • Values ranged from $87.2 million (August) to $137.9 million (October). • The largest single decline occurred in November (-30%). • Contrasting with the overall decrease, the largest net growth was from August to October, when Re-Exports improved by $50.7 million (58%). Re-Exports showed the longest span of consistent growth over three months from January to April, improving by 17%. • The largest net decline was from October to December, when Re-Exports decreased by $45.4 million (33%).
  • 26. EAST ASIA SUMMIT MARKETS
  • 27. EXPORTS TO EAST ASIA SUMMIT MARKETS BY MONTH (NZD) Month Exports (NZD) Re-Exports (NZD) All Exports (NZD) January $2,651,716,117 $96,888,425 $2,748,604,542 February $2,619,766,851 $100,695,581 $2,720,462,432 March $3,058,310,453 $110,133,080 $3,168,443,533 April $3,130,040,906 $112,944,866 $3,242,985,772 May $3,256,001,031 $87,638,857 $3,343,639,888 June $3,196,050,975 $99,561,052 $3,295,612,027 July $3,100,415,750 $90,036,078 $3,190,451,828 August $2,537,804,665 $83,706,247 $2,621,510,912 September $2,597,240,985 $84,837,789 $2,682,078,774 October $2,967,963,968 $132,775,078 $3,100,739,046 November $3,072,393,472 $90,351,214 $3,162,744,686 December $3,850,433,676 $88,699,952 $3,939,133,628
  • 28. EAST ASIA SUMMIT MARKETS OVERVIEW • Exports and Re-Exports moved in opposite directions from January to December, with Exports rising by 45% and Re-Exports falling by 8.45%. • 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 $2.90 billion 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 four consecutive months from August to December (+$1.31 billion), outpacing the overall change across the entire series. • While Exports increased (from August to December), Re-Exports also increased..
  • 29. EAST ASIA SUMMIT MARKETS EXPORTED GOODS • Average Exports was $3.00 billion across all 12 months. • Values ranged from $2.54 billion (August) to $3.85 billion (December). • The largest single increase occurred in December (+25%). • The largest net growth was from August to December, when Exports rose by $1.31 billion (52%). • Contrasting with the overall increase, the largest net decline was from May to August, when Exports decreased by $718.2 million (22%). • Exports had a significant dip between June ($3.20 billion) and December ($3.85 billion), falling to $2.54 billion in August.
  • 30. EAST ASIA SUMMIT MARKETS RE-EXPORTED GOODS • Average Re-Exports was $98.2 million across all 12 months. • The minimum value was $83.7 million (August) and the maximum was $132.8 million (October). • The largest single decline occurred in November (-32%). • Contrasting with the overall decrease, the largest net growth was from August to October, when Re-Exports improved by $49.1 million (59%). Re-Exports showed the longest span of consistent growth over three months from January to April, increasing by 17%. • The largest net decline was from October to December, when Re-Exports decreased by $44.1 million (33%).
  • 32. EXPORTS TO EUROPEAN UNION MARKETS BY MONTH (NZD) Month Exports (NZD) Re-Exports (NZD) All Exports (NZD) January $288,611,602 $12,838,746 $301,450,348 February $395,785,015 $10,795,736 $406,580,751 March $469,536,894 $22,614,763 $492,151,657 April $484,248,407 $17,122,113 $501,370,520 May $558,440,519 $10,397,322 $568,837,841 June $449,701,419 $9,620,287 $459,321,706 July $462,924,831 $20,189,654 $483,114,485 August $405,772,594 $7,228,214 $413,000,808 September $350,026,379 $6,638,560 $356,664,939 October $348,615,282 $9,981,501 $358,596,783 November $328,933,721 $10,740,254 $339,673,975 December $400,701,060 $11,179,182 $411,880,242
  • 33. EUROPEAN UNION MARKETS OVERVIEW • Exports and Re-Exports moved in opposite directions from January to December, with Exports rising by 39% and Re-Exports falling by 13%. • Exports was higher than Re-Exports over the entire series, higher by $399.5 million on average. • Of note, Exports rose over four consecutive months from January to May (+$269.8 million). However, by September, it had reverted significantly to $350.0 million. • The four-month streak actually outpaced the overall increase across the entire series. • Whereas Exports increased (from January to May), Re-Exports actually decreased.
  • 34. EUROPEAN UNION MARKETS EXPORTED GOODS • Average Exports was $411.9 million across all 12 months. • The minimum value was $288.6 million (January) and the maximum was $558.4 million (May). • The largest single increase occurred in February (+37%). • The largest net growth was from January to May, when Exports increased by $269.8 million (93%). This net growth was more than two times larger than the overall movement of the entire series. • Contrasting with the overall increase, the largest net decline was from May to November, when Exports decreased by $229.5 million (41%). The four months from July to November when Exports fell by 29% significantly impacted this net decline.
  • 35. EUROPEAN UNION MARKETS RE-EXPORTED GOODS • Average Re-Exports was $12.4 million across all 12 months. • The minimum value was $6.6 million (September) and the maximum was $22.6 million (March). • The largest single decline occurred in August (-64%). • Contrasting with the overall decrease, the largest net improvement was from February to March, when Re-Exports increased by $11.8 million (109%). Re- Exports showed the longest span of consistent improvement over three months from September to December, increasing by 68%. • The largest net decline was from March to September, when Re-Exports decreased by $16.0 million (71%). The three months of consecutive decline from March to June when Re-Exports fell by 57% significantly impacted this net decline. • Re-Exports had a significant dip between March ($22.6 million) and July ($20.2 million), falling to $9.6 million in June.
  • 36. NORTH AMERICAN FREE TRADE AGREEMENT MARKETS
  • 37. EXPORTS TO NORTH AMERICAN FREE TRADE AGREEMENT MARKETS BY MONTH (NZD) Month Exports (NZD) Re-Exports (NZD) All Exports (NZD) January $489,276,819 $22,127,824 $511,404,643 February $510,559,191 $22,367,296 $532,926,487 March $557,248,927 $15,878,482 $573,127,409 April $570,839,248 $10,993,802 $581,833,050 May $643,367,401 $17,941,813 $661,309,214 June $626,591,873 $15,143,061 $641,734,934 July $547,016,515 $18,242,295 $565,258,810 August $378,161,210 $13,888,195 $392,049,405 September $388,124,278 $13,483,988 $401,608,266 October $417,475,947 $12,028,582 $429,504,529 November $462,057,843 $14,319,402 $476,377,245 December $589,841,329 $11,250,507 $601,091,836
  • 38. NORTH AMERICAN FREE TRADE AGREEMENT MARKETS OVERVIEW • Exports and Re-Exports moved in opposite directions from January to December, with Exports rising by 21% and Re-Exports falling by 49%. • 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 $499.4 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 increased over four consecutive months from August to December (+$211.7 million), outpacing the overall increase across the entire series. • Whereas Exports increased (from August to December), Re-Exports actually decreased.
  • 39. NORTH AMERICAN FREE TRADE AGREEMENT EXPORTED GOODS • Average Exports was $515.0 million across all 12 months. • Values ranged from $378.2 million (August) to $643.4 million (May). • The largest single increase occurred in December (+28%). • The largest net growth was from August to December, when Exports improved by $211.7 million (56%). This net improvement was more than two times larger than the overall movement of the entire series. • Contrasting with the overall increase, the largest net decline was from May to August, when Exports decreased by $265.2 million (41%). • Exports had a significant dip between June ($626.6 million) and December ($589.8 million), falling to $378.2 million in August.
  • 40. NORTH AMERICAN FREE TRADE AGREEMENT RE-EXPORTED GOODS • Average Re-Exports was $15.6 million across all 12 months. • Values ranged from $11.0 million (April) to $22.4 million (February). • The largest single decline on a percentage basis occurred in April (-31%). However, the largest single decline on an absolute basis occurred in March (-$6.5 million). • The largest single increase immediately followed the biggest single decrease, when it rose 63% from $11.0 million to $17.9 million in May. • The largest net decline was from February to April, when Re-Exports decreased by $11.4 million (51%). Re-Exports showed the longest span of consistent decline over three months from July to October, decreasing by 34%. • Re-Exports had a significant dip between February ($22.4 million) and May ($17.9 million), falling to $11.0 million in April.
  • 41. TRANS PACIFIC STRATEGIC ECONOMIC PARTNERSHIP (P4) MARKETS
  • 42. EXPORTS TO TRANS PACIFIC STRATEGIC ECONOMIC PARTNERSHIP (P4) MARKETS BY MONTH (NZD) Month Exports (NZD) Re-Exports (NZD) All Exports (NZD) January $95,051,338 $2,856,215 $97,907,553 February $75,435,598 $3,536,112 $78,971,710 March $88,685,933 $5,688,522 $94,374,455 April $154,905,582 $9,422,009 $164,327,591 May $100,929,900 $5,656,447 $106,586,347 June $87,099,280 $5,725,505 $92,824,785 July $93,961,803 $5,906,621 $99,868,424 August $95,856,845 $6,627,570 $102,484,415 September $66,781,708 $5,684,990 $72,466,698 October $114,234,964 $4,307,910 $118,542,874 November $106,326,736 $5,470,899 $111,797,635 December $162,818,038 $7,710,978 $170,529,016
  • 43. TRANS PACIFIC STRATEGIC ECONOMIC PARTNERSHIP (P4) MARKETS OVERVIEW • Both Re-Exports and Exports increased from January to December, with Re-Exports rising by 170% and Exports rising by 71% over that time frame. • Exports was higher than Re-Exports over the entire series, higher by $97.8 million on average. • Exports and Re-Exports had a moderate positive correlation (coefficient of 0.67), suggesting that as one (Exports) increases, the other (Re-Exports) generally does too, or vice versa. • Of note, Exports rose over two consecutive months from February to April (+$79.5 million). However, by June, it had reverted significantly to $87.1 million. • The two-month streak actually outpaced the overall increase across the entire series. • While Exports increased (from February to April), Re-Exports also increased.
  • 44. TRANS PACIFIC STRATEGIC ECONOMIC PARTNERSHIP (P4) EXPORTED GOODS • Average Exports was $103.5 million across all 12 months. • The minimum value was $66.8 million (September) and the maximum was $162.8 million (December). • The largest net improvement was from September to December, when Exports rose by $96.0 million (144%). Exports showed the longest spans of consistent growth over two months from February to April, increasing by 105%, and from June to August, increasing by 10%. • Contrasting with the overall increase, the largest net decline was from April to September, when Exports decreased by $88.1 million (57%). The two months from April to June when Exports decreased by 44% significantly impacted this net decline. • Exports fluctuated over the course of the series with 70% of data points moving in an opposite direction from the previous point.
  • 45. TRANS PACIFIC STRATEGIC ECONOMIC PARTNERSHIP (P4) RE-EXPORTED GOODS • Average Re-Exports was $5.7 million across all 12 months. • The minimum value was $2.9 million (January) and the maximum was $9.4 million (April). • The largest net improvement was from January to April, when Re-Exports rose by $6.6 million (230%). • Contrasting with the overall increase, the largest net decline was from April to October, when Re-Exports decreased by $5.1 million (54%). The two months of consecutive decline from August to October when Re-Exports decreased by 35% significantly impacted this net decline. • Re-Exports had a significant positive peak between January ($2.9 million) and July ($5.9 million), rising to $9.4 million in April.
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