NZ May Commodity Export Prices Rise 1.9% Month on Month ANZ

NZ May Commodity Export Prices Rise 1.9% Month on Month ANZ

New Zealand's commodity export prices experienced a notable increase in May, rising by 1.9% month on month, according to Statistics New Zealand. This represents a significant improvement over the previous quarter, where the increase was 3.1%. The latest figures indicate a robust performance in the country's export sector, with export prices rising 7.1% compared to the previous quarter, outpacing market expectations of a 3.7% increase.

The rise in export prices is driven by several factors, including increased demand for New Zealand's primary products and a favorable global market environment. Despite the positive trend, import prices also saw an acceleration, rising by 5.1% in the first quarter of 2025, compared to a 0.1% increase in the previous quarter. This suggests that while export prices are on the rise, the cost of imported goods is also increasing, which could have implications for overall trade balance and inflation.

Export volumes also showed a healthy increase, rising by 4.6% on a quarterly basis, up from 1.3% in the previous period. This indicates that not only are prices rising, but the volume of goods being exported is also growing, contributing to New Zealand's economic performance.

Overall, the data points to a strong performance in New Zealand's export sector, with prices and volumes both showing significant growth. This is a positive sign for the country's economy, suggesting that the export sector is well-positioned to contribute to future economic growth.

References:
[1] https://www.rttnews.com/3543696/new-zealand-terms-of-trade-climbs-1-9-in-q1.aspx?type=gleco
[2] https://www.gurufocus.com/news/2905226/riot-platforms-riot-sees-bitcoin-production-surge-in-may