New Zealand's monthly exports valued at all-time high.

New Zealand's total monthly exports have reached an all-time high value of $7.2 billion, according to Stats NZ.

It marks the first time the figure has surpassed $7 billion - the previous high for monthly exports was $6.95 billion in May 2023.

Trade values are not adjusted for price changes in the calculation.

Stats NZ international trade manager Alasdair Allen said: "May months are typically a peak time for exports, being the height of the fruit season, and strong periods for meat, dairy, and vegetable exports."

Record value led by US exports

The $202 million rise in exports in the May 2024 month was led by an increase in exports to the United States, up $255 million from May 2023 to $1 billion.

It is the first time that monthly exports to the US have reached his the $1b mark.

Source: www.1news.co.nz


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