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Source: ONE News
The value of New Zealand's exported goods have shown the first quarterly rise since the December 2008 quarter, led by a rise in dairy products.
The value of total goods exported rose 10.4% in the March quarter, compared to the December quarter, Statistics New Zealand says.
Business statistics manager Louise Holmes-Oliver says the value of exported milk powder, butter, and cheese increased 29% for the quarter - the largest quarterly increase for the commodity group since the December 2007 quarter.
Logs, wood, and wood articles were up a healthy 16.2% while crude oil lifted 9.7%. But fish, crustaceans and molluscs were down 3.2%.
Passenger cars rose 10.9%.
And following four quarters of decline, the value of goods imported in the March quarter grew 6.8%.
The monthly trade balance showed a surplus of $567 million or 14% of exports -, the largest trade surplus for a March month since 2002.
