The value of exported goods has fallen 7.4% in the June quarter.

The seasonally adjusted value of exports was $12.4b.

The drop follows a small increase in the March quarter, and large increases in the September and December quarters.

Dairy prices have contributed to the decrease, with milk powder, butter and cheese down 8.1%.

That's a drop of $335m.

Logs, meat and fruit also fell.

Overall there was a trade deficit in the June quarter of $146m.