China pips Australia as New Zealand's top annual export destination

Wed, 25 Nov 2015

By Tina Morrison Nov. 26 (BusinessDesk) - China pipped Australia to become New Zealand's top annual export destination in October, as increased sales of beef, milk powder and kiwifruit to Asia's largest economy contrasted with a decline in crude oil sales to Australia. Goods exports to China increased 9.2 percent to $678 million in October from the year earlier month, taking annual exports to the country to $8.41 billion, Statistics New Zealand said. Exports to Australia slipped 8 percent to $754 million in the month, for an annual total...

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