Primary products push exports to new high

New Zealand exports reached a new high in June 2021, off the back of record export values for logs and beef, Stats NZ said today.

In June 2021, the value of all goods exports rose $871 million (17 percent) from June 2020 to $6.0 billion. The previous high for exports was in May 2021 ($5.9 billion).

Exports of logs and wood reached a new high, up $105 million (23 percent) from June 2020 to $561 million in June 2021. This increase was driven by logs. Logs’ export value rose $87 million to reach record levels, driven by an increase in unit values (up 26 percent).

MonthsQuantity
Jan-13916623
Feb-131240949
Mar-131551379
Apr-131241483
May-131437539
Jun-131454345
Jul-131325592
Aug-131567865
Sep-131486058
Oct-131611772
Nov-131383737
Dec-131384974
Jan-141173387
Feb-141461936
Mar-141531975
Apr-141633458
May-141349079
Jun-141326615
Jul-141407593
Aug-141304959
Sep-141003021
Oct-141620875
Nov-141443989
Dec-141311770
Jan-15923264
Feb-151410864
Mar-151429685
Apr-151536096
May-151176992
Jun-151442238
Jul-151247824
Aug-151160327
Sep-151189634
Oct-151259033
Nov-151179950
Dec-151442357
Jan-161008699
Feb-161394253
Mar-161499503
Apr-161484448
May-161473811
Jun-161405964
Jul-161461207
Aug-161854429
Sep-161493131
Oct-161582172
Nov-161353141
Dec-161417650
Jan-17932415
Feb-171395734
Mar-171645420
Apr-171736049
May-171504418
Jun-171697909
Jul-171598163
Aug-171733495
Sep-171563854
Oct-171891710
Nov-171925927
Dec-171621844
Jan-181105333
Feb-181666339
Mar-181972378
Apr-181711572
May-181945242
Jun-181619585
Jul-182023839
Aug-181888189
Sep-181823116
Oct-181988461
Nov-182019834
Dec-181643002
Jan-191323811
Feb-191884239
Mar-192216182
Apr-191841054
May-191990399
Jun-191929279
Jul-191921330
Aug-191746876
Sep-191810159
Oct-191522408
Nov-191835652
Dec-191699394
Jan-201343025
Feb-201424367
Mar-201412723
Apr-20564771
May-201606100
Jun-202041657
Jul-202025559
Aug-201857547
Sep-201833900
Oct-202197777
Nov-201930306
Dec-201845233
Jan-211493214
Feb-211858554
Mar-212218543
Apr-212111834
May-212123977
Jun-212059964
MonthsValue per cubic metre
Jan-13128.71
Feb-13124.51
Mar-13130.49
Apr-13131.03
May-13129.85
Jun-13142.7
Jul-13152.37
Aug-13152.04
Sep-13150.57
Oct-13142.5
Nov-13152.39
Dec-13155.88
Jan-14154.85
Feb-14148.5
Mar-14163.01
Apr-14142.82
May-14132.99
Jun-14119.62
Jul-14113.51
Aug-14118.12
Sep-14134.2
Oct-14130.02
Nov-14137.17
Dec-14146.57
Jan-15139.91
Feb-15142.37
Mar-15130.65
Apr-15123.09
May-15116.46
Jun-15116.34
Jul-15128.47
Aug-15128.62
Sep-15120.54
Oct-15120.54
Nov-15134.92
Dec-15149.28
Jan-16150.36
Feb-16146.67
Mar-16149.55
Apr-16146.4
May-16153.95
Jun-16156.9
Jul-16141.65
Aug-16139.7
Sep-16139.88
Oct-16144.16
Nov-16146.49
Dec-16148.47
Jan-17154.13
Feb-17153.3
Mar-17153.48
Apr-17154.34
May-17159.46
Jun-17153.77
Jul-17154.81
Aug-17152.87
Sep-17161.87
Oct-17161.91
Nov-17172.55
Dec-17172.62
Jan-18170.6
Feb-18164.16
Mar-18163.04
Apr-18160.22
May-18165.47
Jun-18170.44
Jul-18173.23
Aug-18161.27
Sep-18164.63
Oct-18169.59
Nov-18170.92
Dec-18165.96
Jan-19173.73
Feb-19176.47
Mar-19175.77
Apr-19166.8
May-19169.31
Jun-19155.25
Jul-19137.58
Aug-19137.9
Sep-19142.88
Oct-19150.8
Nov-19155.82
Dec-19155.66
Jan-20153.19
Feb-20144.64
Mar-20146.97
Apr-20170.22
May-20184
Jun-20157.59
Jul-20141.06
Aug-20143.58
Sep-20149.01
Oct-20153.76
Nov-20151.92
Dec-20153.6
Jan-21157.55
Feb-21164.17
Mar-21172.01
Apr-21181.63
May-21188.14
Jun-21198.61

“The average value of untreated log exports has been steadily rising from the low in July 2020 to reach $199 per cubic metre in June 2021,” international trade manager Alasdair Allen said.

Beef exports rose $31 million to reach a new high of $411 million in June 2021, compared with June 2020. This increase was quantity driven, with volumes up 8.5 percent. The previous high for beef export values was in the March 2020 month ($405 million).

Months$
Jan-10129141418
Feb-10178634080
Mar-10206823216
Apr-10228987762
May-10255295834
Jun-10215230824
Jul-10156548653
Aug-1087485166
Sep-1086816834
Oct-1084057146
Nov-10112485257
Dec-10191685386
Jan-11174890274
Feb-11196117315
Mar-11225374298
Apr-11247760414
May-11264972357
Jun-11208043240
Jul-11162037120
Aug-11109272534
Sep-11101558456
Oct-1189440549
Nov-11110085347
Dec-11168258114
Jan-12151723682
Feb-12210805392
Mar-12206796108
Apr-12210295825
May-12261053931
Jun-12228337158
Jul-12191034881
Aug-12113773627
Sep-12104900934
Oct-1281440237
Nov-12131757942
Dec-12186985210
Jan-13178289388
Feb-13231146346
Mar-13291726311
Apr-13224571847
May-13197008796
Jun-13210282338
Jul-13165471843
Aug-1398473604
Sep-1399172983
Oct-1393911975
Nov-13122768757
Dec-13185485280
Jan-14194258374
Feb-14241777028
Mar-14272024521
Apr-14228711418
May-14240674344
Jun-14256842678
Jul-14175774203
Aug-14131832624
Sep-14130524020
Oct-14121653372
Nov-14190373471
Dec-14291729867
Jan-15289779846
Feb-15315013471
Mar-15397023611
Apr-15276177427
May-15336148133
Jun-15323904885
Jul-15245189476
Aug-15191861046
Sep-15213841924
Oct-15170492843
Nov-15236624651
Dec-15272131122
Jan-16257294070
Feb-16268556621
Mar-16291311344
Apr-16291480087
May-16332262625
Jun-16324998759
Jul-16212745609
Aug-16164922206
Sep-16139810388
Oct-16130472507
Nov-16148007161
Dec-16224459931
Jan-17247966378
Feb-17270774540
Mar-17236922518
Apr-17249289701
May-17343829268
Jun-17336391437
Jul-17254163803
Aug-17143180000
Sep-17143575577
Oct-17137396724
Nov-17180967984
Dec-17321522227
Jan-18267415262
Feb-18268222846
Mar-18256618700
Apr-18286660725
May-18354498570
Jun-18329389742
Jul-18322011145
Aug-18186250449
Sep-18162029570
Oct-18149982057
Nov-18230727554
Dec-18277899928
Jan-19236472792
Feb-19309350302
Mar-19357159652
Apr-19322468940
May-19394147346
Jun-19375780909
Jul-19300449739
Aug-19218280096
Sep-19204210023
Oct-19209056548
Nov-19282449483
Dec-19390177214
Jan-20348640270
Feb-20322462960
Mar-20405385759
Apr-20364177808
May-20386315407
Jun-20379405747
Jul-20310443038
Aug-20215684465
Sep-20195980737
Oct-20179829065
Nov-20244168193
Dec-20344164129
Jan-21280072024
Feb-21343008933
Mar-21368777289
Apr-21331837913
May-21361492312
Jun-21410626142

Milk powder, butter, and cheese also drove the rise in total exports, up $384 million (31 percent). Kiwifruit also rose $129 million (43 percent) from June 2020.

China continues to receive the largest share of New Zealand exports. In June 2021, China received 32 percent of New Zealand’s total exports. China received $703 million (44 percent) of dairy, $367 million (90 percent) of logs, and $329 million (41 percent) of meat.

Record-breaking imports for vehicles, parts, and accessories

Monthly imports were valued at $5.7 billion for June 2021, up 1.1 billion (24 percent) from June 2020. This increase was driven by vehicles, parts, and accessories, up $610 million (166 percent) to $977 million. This is the highest value for vehicles, parts, and accessories on record, with the previous peak at $923 million in May 2018.

Months$
Jan-10263465436
Feb-10267377043
Mar-10349141261
Apr-10322838642
May-10353090762
Jun-10359375569
Jul-10342689462
Aug-10392005139
Sep-10393528101
Oct-10412916710
Nov-10409355380
Dec-10400932548
Jan-11278684985
Feb-11289648736
Mar-11355216326
Apr-11320137609
May-11341275253
Jun-11333694531
Jul-11328810863
Aug-11400256862
Sep-11443579646
Oct-11434083919
Nov-11441254247
Dec-11392545648
Jan-12315746939
Feb-12368397133
Mar-12394472099
Apr-12426037979
May-12456638867
Jun-12480045654
Jul-12434611153
Aug-12477199276
Sep-12405955754
Oct-12452933843
Nov-12532777092
Dec-12440870603
Jan-13351825829
Feb-13416789736
Mar-13410586800
Apr-13495046652
May-13472867263
Jun-13463346443
Jul-13516085550
Aug-13597709181
Sep-13460121350
Oct-13537501840
Nov-13568258757
Dec-13540959163
Jan-14460805901
Feb-14442424524
Mar-14514009155
Apr-14594626472
May-14586517221
Jun-14541866467
Jul-14648687208
Aug-14604867322
Sep-14609350936
Oct-14637434989
Nov-14558318996
Dec-14561382960
Jan-15469409817
Feb-15460362899
Mar-15610832814
Apr-15627376092
May-15579801269
Jun-15565626617
Jul-15573202990
Aug-15677011494
Sep-15565878505
Oct-15589885460
Nov-15631269640
Dec-15675090852
Jan-16481370877
Feb-16506956787
Mar-16586390087
Apr-16677662964
May-16603653728
Jun-16602031457
Jul-16614167567
Aug-16767334517
Sep-16674472457
Oct-16671480748
Nov-16708739736
Dec-16779286200
Jan-17617106960
Feb-17609876762
Mar-17748296116
Apr-17732063550
May-17738730894
Jun-17808685285
Jul-17767662707
Aug-17768242678
Sep-17714569463
Oct-17832027595
Nov-17835235979
Dec-17745030165
Jan-18658023154
Feb-18500971430
Mar-18803140280
Apr-18909896414
May-18923301470
Jun-18794776466
Jul-18801222715
Aug-18824081623
Sep-18753410730
Oct-18724182824
Nov-18645055231
Dec-18735391342
Jan-19707308572
Feb-19632526454
Mar-19716908238
Apr-19711160187
May-19740239768
Jun-19664048983
Jul-19768887608
Aug-19753894262
Sep-19809850926
Oct-19655464005
Nov-19709176935
Dec-19699830310
Jan-20590557179
Feb-20560449154
Mar-20697955415
Apr-20437896689
May-20288896613
Jun-20367309878
Jul-20364593386
Aug-20476992082
Sep-20625093810
Oct-20629058602
Nov-20587367128
Dec-20805694808
Jan-21654041916
Feb-21695348069
Mar-21887776302
Apr-21776597982
May-21845798961
Jun-21977170965

The main contributors to this record value were motor cars, up $354 million (176 percent) and vehicles for transport of goods, up $156 million (213 percent). Vehicles for transport of goods reached its highest value ($229 million) in June 2021. The majority of vehicles for transport of goods (55 percent) were imported from Thailand.

Trade balance

The monthly trade balance was a surplus of $261 million.

Highest quarter exports

In the June 2021 quarter, total exports reached its highest ever value, $17.2 billion, driven by two record export months in May and June 2021. The previous peak was in the June 2019 quarter ($16.2 billion).

Exports were up $1.5 billion (9.2 percent) from same quarter last year.

Imports were up $3.4 billion (27 percent) compared with the June 2020 quarter, to $16.1 billion. The June 2020 quarter coincided with the alert level 4 lockdown in New Zealand.

/Stats NZ Public Release. This material comes from the originating organization/author(s)and may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.