FOREX TradingCharts.com

Financial News: New Zealand February Trade Surplus NZ$12 Million

New Zealand February Trade Surplus NZ$12 Million

03/25/2019 - 18:45:00 (RTTNews)

(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$12 million in February, Statistics New Zealand said on Tuesday.

That topped expectations for a deficit of NZ$200 million following the NZ$914 million shortfall in January.

Exports climbed NZ$371 million or 8.3 percent on year to NZ$4.8 billion - beating forecasts for NZ$4.7 billion and up from NZ$4.4 billion in the previous month.

Milk powder, butter, and cheese led the export rise, up NZ$263 million (24 percent) to NZ$1.3 billion. Milk powder was up NZ$155 million in value (28 percent) to reach NZ$709 million; quantity was up 23 percent.

Other notable rises in the milk powder, butter, and cheese commodity group include: unsalted butter up NZ$40 million (27 percent); quantity up 55 percent; and anhydrous milk fats up NZ$26 million (26 percent); quantity up 52 percent.

Meat and edible offal rose NZ$81 million (11 percent) to NZ$839 million, a new record high for any month. Lamb was up NZ$55 million (16 percent) to NZ$391 million; quantity was up 9.9 percent, while beef was up NZ$43 million (16 percent) to NZ$311 million; quantity was up 11 percent.

Imports advanced an annual 13.0 percent or NZ$547 million to NZ$4.8 billion versus expectations for NZ$4.9 billion and down from NZ$5.32 billion a month earlier.

Vehicles, parts, and accessories led the imports rise, up NZ$133 million (27 percent) to NZ$634 million, with motor vehicles up NZ$93 million.

Other significant rises include: aircraft and parts (up NZ$122 million). Imports of aircraft are irregular and can mean large rises or falls in monthly values; and petroleum and products (up NZ$64 million) with diesel up NZ$41 million.

The largest decreases were in: palm oil cake - dairy cattle supplementary feed (down NZ$42 million); and fertilizers (down NZ$27 million).

In the year ended February, annual goods exports were NZ$57.7 billion, while annual goods imports were NZ$64.3 billion and the annual trade balance was a deficit of NZ$6.6 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. New Home Sales Unexpectedly Jump To 16-Month High In March (06 hr(s), 21 min(s), 51 sec(s) ago)
(RTTNews) - New home sales in the U.S. unexpectedly jumped to their highest level in well over a y ...Full Story»

UK Household Finance Index Rises In April (08 hr(s), 05 min(s), 51 sec(s) ago)
(RTTNews) - UK households' assessment of their financial well-being rose at the fastest rate i ...Full Story»

Eurozone Govt. Deficit Narrows In 2018 (10 hr(s), 42 min(s), 51 sec(s) ago)
(RTTNews) - The euro area government deficit narrowed at the end of 2018 as revenue increased amid ...Full Story»

Taiwan Industrial Production Falls More Than Expected (10 hr(s), 55 min(s), 51 sec(s) ago)
(RTTNews) - Taiwan's industrial production declined for the fourth month to the weakest in Mar ...Full Story»

Denmark Consumer Confidence Weakens In April (13 hr(s), 08 min(s), 51 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened in April, survey data from Statistics Denma ...Full Story»

Singapore Inflation Rises Slightly In March (13 hr(s), 11 min(s), 51 sec(s) ago)
(RTTNews) - Singapore's inflation rose marginally in March, data from the Monetary Authority o ...Full Story»

Dutch Consumer Confidence Decline Slows In April (13 hr(s), 18 min(s), 51 sec(s) ago)
(RTTNews) - Netherlands' consumer confidence declined at a slower pace in April, data from the ...Full Story»

New Zealand Credit Card Spending Data Due On Tuesday (20 min(s), 09 sec(s) ago)
(RTTNews) - New Zealand will on Tuesday release March numbers for credit card spending, highlighti ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Unexpectedly Jump To 16-Month High In March

04/23/2019 - 10:18 AM (RTTNews)
(RTTNews) - New home sales in the U.S. unexpectedly jumped to their highest level in well over a y ...Full Story>>

UK Household Finance Index Rises In April

04/23/2019 - 08:34 AM (RTTNews)
(RTTNews) - UK households' assessment of their financial well-being rose at the fastest rate i ...Full Story>>

Eurozone Govt. Deficit Narrows In 2018

04/23/2019 - 05:57 AM (RTTNews)
(RTTNews) - The euro area government deficit narrowed at the end of 2018 as revenue increased amid ...Full Story>>

Taiwan Industrial Production Falls More Than Expected

04/23/2019 - 05:44 AM (RTTNews)
(RTTNews) - Taiwan's industrial production declined for the fourth month to the weakest in Mar ...Full Story>>

Denmark Consumer Confidence Weakens In April

04/23/2019 - 03:31 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence weakened in April, survey data from Statistics Denma ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.