New figures show New Zealand earned $2.8 billion more from exports than we spent on imports during the year to March.

New Zealand earned $13 billion from selling goods and services to Australia.

China, our second largest trading partner, bought $10.7 billion of our goods and services.

Our largest negative trade balances were with the European Union at -$3.4 billion and Singapore at -$1.4 billion.

New Zealand’s largest import expenses during the year were cars, spare parts and machinery from the European Union and Japan.