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Financial News: New Zealand Swings To NZ$640 Million Trade Surplus

New Zealand Swings To NZ$640 Million Trade Surplus

01/29/2018 - 17:05:00 (RTTNews)

(RTTNews) - New Zealand saw a NZ$640 million trade surplus in December, Statistics New Zealand said on Tuesday.

That beat expectations for a deficit of NZ$125 million following the NZ$1.233 billion shortfall in November.

Exports surged an annual 26 percent to a record NZ$5.55 billion in December - surpassing expectations for NZ$5.00 billion and up from NZ$4.63 billion in the previous month.

Imports climbed 11 percent on year to NZ$4.91 billion versus forecasts for NZ$5.10 billion and down from NZ$5.84 billion a month earlier.

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