Overseas Merchandise Trade: January 2016

Number of working days There were 20 working days in January 2015 and 19 in January 2016. Foreign currency conversions – January 2016 Import values are converted from foreign currencies when import documents are processed by New Zealand Customs Service (NZCS). We convert values given in foreign currencies into New Zealand dollars (NZD), using weekly exchange rates, when we compile the statistics. Currency Number of exports Value in foreign currency ($ million) Value in NZD ($ million) Average exchange rate USD 36,913 1,564 2,377 0.6579 AUD 31,034 220 235 0.937 EUR 4,906 143 236 0.6045 GBP 2,382 43 95 0.4528 JPY 787 2,789 36 77.93 Other currencies 2,104 ... 59 ... Total in foreign currency 78,126 ... 3,038 ... NZD 58,532 ... 860 ... Total 136,658 ... 3,898 ... Symbol: ... not applicable In January 2016, we converted 78,126 export line entries worth $3.0 billion into NZD. See Data source for more information on the use of exchange rates. Revisions – January 2016 We have updated provisional values published on 28 January 2016. Merchandise trade statistics for the latest three months are provisional so we can include late data and amendments. Trade data can be revised for many reasons. For more information see: Why overseas merchandise trade data can change. Investigating how overseas merchandise trade data can change after publication. Revisions to exports (fob $million) Time Period Month Published on 23 December 2015 Published on 28 January 2016 Change Month Oct 2015 3,677 P 3,812 F 135 Month Nov 2015 3,813 P 4,074 P 261 Month Dec 2015 4,081 P 4,426 P 346 Year end Oct 2015 49,118 P 48,919 F -199 Year end Nov 2015 48,921 P 48,953 P 32 Year end Dec 2015 48,961 P 48,977 P 16 Revisions to imports (cif $million) Time Period Month Published on 23 December 2015 Published on 28 January 2016 Change Month Oct 2015 4,817 P 4,717 F -100 Month Nov 2015 4,718 P 4,871 P 152 Month Dec 2015 4,859 P 4,464 P -395 Year end Oct 2015 52,287 P 52,101 F -186 Year end Nov 2015 52,103 P 52,648 P 545 Year end Dec 2015 52,639 P 52,511 P -128 Revisions to balance (fob-cif, $million) Time Period Month Published on 23 December 2015 Published on 28 January 2016 Change Month Oct 2015 -1,140 P -905 F 235 Month Nov 2015 -905 P -796 P 109 Month Dec 2015 -779 P -38 P 740 Year end Oct 2015 -3,169 P -3,182 F -13 Year end Nov 2015 -3,182 P -3,696 P -513 Year end Dec 2015 -3,678 P -3,534 P 144 Symbols: F final P provisional en-NZ