Overseas Merchandise Trade: July 2016

Number of working days There were 23 working days in July 2015 and 21 in July 2016. Foreign currency conversions – July 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 | 40,465 | 1,569 | 2,196 | 0.7147 | | AUD | 35,442 | 273 | 287 | 0.9508 | | EUR | 4,981 | 152 | 235 | 0.6459 | | GBP | 2,869 | 35 | 64 | 0.5401 | | JPY | 1,455 | 4,812 | 65 | 73.86 | | Other currencies | 2,941 | ... | 118 | ... | | Total in foreign currency | 88,153 | ... | 2,966 | ... | | NZD | 66,313 | ... | 998 | ... | | Total | 154,466 | ... | 3,963 | ... | Symbol: ... not applicable In July 2016, we converted 88,153 export line entries worth $3.0 billion into NZD. See Data source for more information on the use of exchange rates. Revisions – July 2016 We have updated provisional values published on 26 July 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 26 July 2016 Published on 24 August 2016 Change Month Apr 2016 4,325 P 4,327 F 2 Month May 2016 4,563 P 4,559 P -4 Month Jun 2016 4,257 P 4,247 P -10 Year end Apr 2016 49,024 P 49,027 F 2 Year end May 2016 49,233 P 49,231 P -1 Year end Jun 2016 49,341 P 49,330 P -11 Revisions to imports (cif $million) Time Period Month Published on 26 July 2016 Published on 24 August 2016 Change Month Apr 2016 3,978 P 3,978 F 0 Month May 2016 4,215 P 4,215 P 0 Month Jun 2016 4,130 P 4,137 P 6 Year end Apr 2016 52,626 P 52,626 F 0 Year end May 2016 52,854 P 52,854 P 0 Year end Jun 2016 52,654 P 52,661 P 7 Revisions to balance (fob-cif, $million) Time Period Month Published on 26 July 2016 Published on 24 August 2016 Change Month Apr 2016 347 P 350 F 2 Month May 2016 348 P 344 P -4 Month Jun 2016 127 P 110 P -16 Year end Apr 2016 -3,602 P -3,600 F 2 Year end May 2016 -3,621 P -3,623 P -2 Year end Jun 2016 -3,313 P -3,331 P -18 Symbols: F final P provisional en-NZ