FOREX TradingCharts.com

Financial News: New Zealand March Trade Surplus NZ$672 Million

New Zealand March Trade Surplus NZ$672 Million

04/28/2020 - 19:45:00 (RTTNews)

(RTTNews) - New Zealand had a merchandise trade surplus of NZ$672 million in March, Statistics New Zealand said on Wednesday - up from NZ$594 million in February.

Exports were up 3.8 percent on year or NZ$215 million to NZ$5.81 billion, up sharply from NZ$4.92 billion in the previous month.

For exports, fruit led the rises in total exports values, up NZ$115 million (54 percent). Other rises included milk powder, butter and cheese, up NZ$106 million (7.6 percent), and meat and edible offal, up NZ$102 million (11 percent). Forestry products led the falls, down NZ$185 million (35 percent). Crude oil fell NZ$22 million (40 percent).

Imports jumped an annual 7.7 percent or NZ$369 million to NZ$5.14 billion, up from NZ$4.33 billion a month earlier.

For imports, petroleum and products led the rises in total imports values, up NZ$389 million (74 percent). Mechanical, machinery and equipment rose NZ$70 million (11 percent). Electrical machinery and equipment led the falls, down NZ$31 million or 7.7 percent. Other falls included aircraft and parts, down NZ$31 million (52 percent), and textiles and textiles articles, down NZ$21 million (11 percent).

For the first quarter of 2020, exports were up 2.9 percent on quarter (NZ$442 million) to NZ$15.7 billion, following a 3.3 percent rise in the three months prior.

Imports fell 3.0 percent (NZ$478 million) to NZ$15.7 billion, following a 0.8 percent fall in the previous three months.

The quarterly trade balance was a deficit of NZ$12 million.

On a yearly basis, exports rose NZ$2.2 billion (3.8 percent) to NZ$60.6 billion and imports eased 0.1 percent (NZ$60 million) to NZ$64.1 billion for a trade deficit of NZ$3.5 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Czech Economic Sentiment Rebounds Modestly (02 hr(s), 01 min(s), 29 sec(s) ago)
(RTTNews) - The Czech Republic's economic sentiment improved slightly in May, after a historic ...Full Story»

Belgium Business Confidence Recovers Slightly In May (02 hr(s), 24 min(s), 29 sec(s) ago)
(RTTNews) - Belgium business confidence slightly recovered in May led by a modest improvement in s ...Full Story»

German Ifo Business Confidence Improves In May (03 hr(s), 52 min(s), 29 sec(s) ago)
(RTTNews) - Germany's business confidence improved in May driven by modest expectations of an ...Full Story»

Amended: German Ifo Business Confidence Improves More Than Expected (04 hr(s), 23 min(s), 29 sec(s) ago)
(RTTNews) - Corrects the first sentence in the third paragraph to reflect the fall in the current ...Full Story»

Spain Producer Prices Log Record Fall (04 hr(s), 30 min(s), 29 sec(s) ago)
(RTTNews) - Spain's producer prices declined at the fastest pace on record in May, driven by a ...Full Story»

Taiwan Industrial Production Output Growth Eases (05 hr(s), 09 min(s), 29 sec(s) ago)
(RTTNews) - Taiwan's industrial production growth eased notably in April, data from the Minist ...Full Story»

Hong Kong Exports Decline Slows In April (06 hr(s), 37 min(s), 29 sec(s) ago)
(RTTNews) - Hong Kong's merchandise exports decreased at a slower pace in April, as the demand ...Full Story»

German Ifo Business Confidence Improves More Than Expected (08 hr(s), 07 min(s), 29 sec(s) ago)
(RTTNews) - Germany's business confidence improved slightly more than expected in May, as Euro ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Czech Economic Sentiment Rebounds Modestly

05/25/2020 - 10:42 AM (RTTNews)
(RTTNews) - The Czech Republic's economic sentiment improved slightly in May, after a historic ...Full Story>>

Belgium Business Confidence Recovers Slightly In May

05/25/2020 - 10:19 AM (RTTNews)
(RTTNews) - Belgium business confidence slightly recovered in May led by a modest improvement in s ...Full Story>>

German Ifo Business Confidence Improves In May

05/25/2020 - 08:51 AM (RTTNews)
(RTTNews) - Germany's business confidence improved in May driven by modest expectations of an ...Full Story>>

Amended: German Ifo Business Confidence Improves More Than Expected

05/25/2020 - 08:20 AM (RTTNews)
(RTTNews) - Corrects the first sentence in the third paragraph to reflect the fall in the current ...Full Story>>

Spain Producer Prices Log Record Fall

05/25/2020 - 08:13 AM (RTTNews)
(RTTNews) - Spain's producer prices declined at the fastest pace on record in May, driven by a ...Full Story>>
Copyright © 2020. 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.