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New Zealand fruit exports boost trade in June quarter

Stats NZ has stated that fruit exports drove wholesale trade sales up in the June 2018 quarter.

The seasonally adjusted total sales value for wholesale trade rose 2.6 percent in the June 2018 quarter, following a modest 0.3 percent rise in the March 2018 quarter.

“This industry’s increase was led by greater sales for fruit exporters. Both kiwifruit and apple exporters had a very good quarter,” wholesale trade manager Sue Chapman said.

Overseas merchandise trade: June 2018 also reflected this industry’s rise – showing an 11 percent increase in seasonally adjusted fruit exports for the quarter.

Kiwifruit monthly exports soared to a new high in April this year. They rose $197 million (82 percent) in April 2018 compared with April 2017, to reach $438 million, Stats NZ said today. This is a new high for any month.

The rise in kiwifruit exports was the leading contributor to a $345 million rise (7.3 percent) in overall goods exports, which reached $5.1 billion. This is the second-highest for any month – the highest level was $5.5 billion in December 2017.

Source: scoop.co.nz

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