Overseas Merchandise Trade: May 2016

Number of working days There were 21 working days in May 2015 and 22 in May 2016. Foreign currency conversions – May 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 | 43,811 | 1,669 | 2,440 | 0.6838 | | AUD | 41,854 | 290 | 314 | 0.9233 | | EUR | 7,363 | 223 | 370 | 0.6028 | | GBP | 2,772 | 47 | 100 | 0.4726 | | JPY | 1,814 | 8,783 | 119 | 73.76 | | Other currencies | 2,912 | ... | 171 | ... | | Total in foreign currency | 100,526 | ... | 3,515 | ... | | NZD | 73,329 | ... | 1,059 | ... | | Total | 173,855 | ... | 4,574 | ... | Symbol: ... not applicable In May 2016, we converted 100,526 export line entries worth $3.5 billion into NZD. See Data source for more information on the use of exchange rates. Revisions – May 2016 We have updated provisional values published on 25 May 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 25 May 2016 Published on 27 June 2016 Change Month Feb 2016 4,239 P 4,237 F -2 Month Mar 2016 4,203 P 4,202 P -1 Month Apr 2016 4,300 P 4,305 P 5 Year end Feb 2016 49,540 P 49,538 F -2 Year end Mar 2016 48,838 P 48,835 P -3 Year end Apr 2016 49,004 P 49,005 P 1 Revisions to imports (cif $million) Time Period Month Published on 25 May 2016 Published on 27 June 2016 Change Month Feb 2016 3,873 P 3,870 F -3 Month Mar 2016 4,014 P 4,013 P -1 Month Apr 2016 4,008 P 3,979 P -29 Year end Feb 2016 52,834 P 52,831 F -3 Year end Mar 2016 52,604 P 52,600 P -4 Year end Apr 2016 52,662 P 52,629 P -33 Revisions to balance (fob-cif, $million) Time Period Month Published on 25 May 2016 Published on 27 June 2016 Change Month Feb 2016 366 P 367 F 0 Month Mar 2016 189 P 189 P 0 Month Apr 2016 292 P 326 P 34 Year end Feb 2016 -3,294 P -3,293 F 0 Year end Mar 2016 -3,766 P -3,766 P 0 Year end Apr 2016 -3,658 P -3,624 P 34 Symbols: F final P provisional en-NZ