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Financial News: New Zealand August Trade Deficit NZ$353 Million

New Zealand August Trade Deficit NZ$353 Million

09/23/2020 - 19:17:00 (RTTNews)

(RTTNews) - New Zealand had a merchandise trade deficit of NZ$353 million in August, Statistics New Zealand said on Thursday.

That follows the upwardly revised NZ$447 million trade surplus in July (originally NZ$282 million).

Exports were up NZ$349 million or 8.6 percent on year to NZ$4.41 billion, down from NZ$4.91 billion in the previous month.

Imports tumbled NZ$940 million or an annual 16.0 percent to NZ$4.76 billion, up from NZ$4.63 billion a month earlier.

The average deficit in the previous five August months was NZ$1.3 billion.

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