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

New Zealand Has NZ$12 Million Trade Surplus

03/25/2019 - 18:30:00 (RTTNews)

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

That exceeded 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 - topping forecasts for NZ$4.7 billion and up from NZ$4.4 billion in the previous month.

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.

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