Reason why its down is because this year CNY is in January, usually its in Feb so we normally see a slow down in Jan data. Most of the industries slowed down in Dec in preparation for the CNY in China. combined that with Xmas. I would expect a slow Dec.
The impact of the virus to the export numbers is still unknown, i wold expect to heard some clarification from the company in Feb.
NZ exports update May 18 & IF exports Analysis, page-441
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