New Zealand exports hit new high in March 2020 – partly driven by kiwifruit

According to a release from Stats NZ, New Zealand exports have hit a new high in March 2020, partly driven by kiwifruit. The value of total goods exports rose $215 million (3.8 percent) from March 2019 to reach $5.8 billion in March 2020. This was a record for any month – the previous high was in May 2019.

The increase in total goods exports reflected a bumper kiwifruit harvest and higher prices for milk powder and meat. This rise was partly offset by a fall in log exports, particularly to China, in the wake of the COVID-19 outbreak.

“This month’s total goods exports were up on the same month of 2019, led by fruit exports, especially gold kiwifruit,” international statistics manager Darren Allan said.

The value of fruit exports rose $115 million (54 percent) this month, mainly due to gold kiwifruit. Gold kiwifruit exports were worth $187 million, up $105 million from last March, as quantities doubled. China, the European Union, and Japan received more than three-quarters of all gold kiwifruit exports in March 2020.

“The kiwifruit industry is expecting a record harvest and reports strong demand from markets in North Asia,” Mr Allan said. (The kiwifruit export season runs from March to November.)

Source: scoop.co.nz


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