The overall value of goods exported from New Zealand has fallen.

Figures show that exports were down more than $200m in October, compared to the same month last year.

The fall is largely related to goods exported to China, such as milk powder.

Huge reductions in the quantity and value of milk powder exported to China has cost hundreds of millions of dollars.

Butter and cheese exports are also down.

However exports to Australia are up, thanks to changes in the crude oil market.

Overall the value of imported goods has risen.