Overseas Merchandise Trade: March 2016

Number of working days There were 22 working days in March 2015 and 21 in March 2016. Foreign currency conversions – March 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 | 40,267 | 1,547 | 2,297 | 0.6733 | | AUD | 39,190 | 307 | 337 | 0.911 | | EUR | 6,707 | 169 | 278 | 0.6077 | | GBP | 4,249 | 62 | 130 | 0.4737 | | JPY | 1,338 | 5,418 | 71 | 76.21 | | Other currencies | 2,408 | ... | 67 | ... | | Total in foreign currency | 94,159 | ... | 3,181 | ... | | NZD | 69,759 | ... | 1,023 | ... | | Total | 163,918 | ... | 4,204 | ... | Symbol: ... not applicable In March 2016, we converted 94,159 export line entries worth $3.2 billion into NZD. See Data source for more information on the use of exchange rates. Revisions – March 2016 We have updated provisional values published on 24 March 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 24 March 2016 Published on 27 April 2016 Change Month Dec 2015 4,423 P 4,423 F 0 Month Jan 2016 3,893 P 3,895 P 1 Month Feb 2016 4,250 P 4,239 P -10 Year end Dec 2015 48,974 P 48,974 F 0 Year end Jan 2016 49,186 P 49,187 P 1 Year end Feb 2016 49,549 P 49,540 P -9 Revisions to imports (cif $million) Time Period Month Published on 24 March 2016 Published on 27 April 2016 Change Month Dec 2015 4,467 P 4,465 F -3 Month Jan 2016 3,881 P 3,882 P 2 Month Feb 2016 3,911 P 3,873 P -38 Year end Dec 2015 52,513 P 52,510 F -3 Year end Jan 2016 52,765 P 52,764 P -1 Year end Feb 2016 52,872 P 52,834 P -39 Revisions to balance (fob-cif, $million) Time Period Month Published on 24 March 2016 Published on 27 April 2016 Change Month Dec 2015 -45 P -42 F 3 Month Jan 2016 13 P 12 P 0 Month Feb 2016 339 P 367 P 27 Year end Dec 2015 -3,539 P -3,537 F 3 Year end Jan 2016 -3,579 P -3,576 P 2 Year end Feb 2016 -3,323 P -3,294 P 30 Symbols: F final P provisional en-NZ