FOREX TradingCharts.com

Financial News: New Zealand Trade Gap Widens In October

New Zealand Trade Gap Widens In October

11/22/2022 - 01:35:00 (RTTNews)

(RTTNews) - New Zealand's trade deficit widened in October from the last year as growth in imports exceeded the exports growth, Stats NZ said Tuesday.

The trade deficit widened to NZ$2.13 billion in October from NZ$1.28 billion in the same period previous year. The shortfall was NZ$1.69 billion in September 2022.

Exports posted an annual growth of 14.1 percent, much slower than the 35.0 percent increase in September. Shipment of dairy products continued to increase, while fruit exports plunged 30 percent and aluminum exports decreased 63 percent.

Meanwhile, the increase imports advanced to 24.1 percent from 16.3 percent a month ago. The increase was driven by electric vehicle imports and petroleum products.

In the year to October, the annual trade deficit was NZ$12.9 billion from NZ$4.9 billion in the same period last year. Goods exports gained 14 percent and imports climbed 25 percent annually.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


China Exports & Imports Hurt By Zero Covid Policy, Weaker Demand (23 min(s), 06 sec(s) ago)
(RTTNews) - China's exports and imports fell more than expected in November as strict Covid re ...Full Story»

European Economics Preview: Germany Industrial Output Data Due (34 min(s), 06 sec(s) ago)
(RTTNews) - Industrial production from Germany and revised quarterly national accounts from the eu ...Full Story»

Japan Leading Index Rebounds In October (33 min(s), 06 sec(s) ago)
(RTTNews) - Japan's leading index improved more than expected at the start of the fourth quart ...Full Story»

India's Central Bank Delivers Fifth Consecutive Rate Hike (01 hr(s), 50 min(s), 06 sec(s) ago)
(RTTNews) - India's central bank raised its benchmark interest rates for the fifth consecutive ...Full Story»

Australia Building Approvals Sink 6.0% In October (58 min(s), 54 sec(s) ago)
(RTTNews) - The total number of building permits issued in Australia was down a seasonally adjuste ...Full Story»

Australia GDP Climbs 5.9% On Year In Q3 (50 min(s), 54 sec(s) ago)
(RTTNews) - Australia's gross domestic product expanded 5.9 percent on year in the third quart ...Full Story»

Australia GDP Data Due On Wednesday (34 min(s), 54 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q3 figures for gross domestic product, highlightin ...Full Story»

Will RBI Moderate Rate Hikes? (05 min(s), 54 sec(s) ago)
(RTTNews) - The Reserve Bank of India is set to deliver a less aggressive rate hike and switch to ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

China Exports & Imports Hurt By Zero Covid Policy, Weaker Demand

12/07/2022 - 01:32 AM (RTTNews)
(RTTNews) - China's exports and imports fell more than expected in November as strict Covid re ...Full Story>>

Japan Leading Index Rebounds In October

12/07/2022 - 01:22 AM (RTTNews)
(RTTNews) - Japan's leading index improved more than expected at the start of the fourth quart ...Full Story>>

European Economics Preview: Germany Industrial Output Data Due

12/07/2022 - 01:21 AM (RTTNews)
(RTTNews) - Industrial production from Germany and revised quarterly national accounts from the eu ...Full Story>>

India's Central Bank Delivers Fifth Consecutive Rate Hike

12/07/2022 - 00:05 AM (RTTNews)
(RTTNews) - India's central bank raised its benchmark interest rates for the fifth consecutive ...Full Story>>

Australia Building Approvals Sink 6.0% In October

12/06/2022 - 19:54 PM (RTTNews)
(RTTNews) - The total number of building permits issued in Australia was down a seasonally adjuste ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.