According to statistics of Statistics Bureau in New Zealand, its volume of goods trade was USD39.56 billion from January to July in 2016, down 6.7% year-on-year (the same below). Exports fell by 6.1% to USD20.09 billion, and imports fell by 7.3% to USD19.47 billion. The trade surplus was USD0.62 billion, up 58.3%.
In July, New Zealand's volume of goods trade fell by 1.1% to USD5.96 billion. Exports grew by 2.0% to USD2.83 billion and imports fell by 3.8% to USD3.14 billion. And the trade deficit was USD0.31 billion, down 36.4%.
Since January to July, bilateral trade volume between China and New Zealand fell by 0.2% to USD7.46 billion. New Zealand's exports to China grew by 2.3% to USD3.66 billion, accounting for 18.2% of New Zealand's overall export. And New Zealand's imports from China fell by 2.5% to USD3.81 billion, accounting for 19.6% of New Zealand's overall imports. New Zealand's trade deficit with China fell by 54.4% to USD0.15 billion.
China was the largest export market of New Zealand and its largest source of imports up to July in 2016.