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24 Sep 2014
New Zealand trade balance comes better-than-expected
FXStreet (Bali) - New Zealand trade balance (MoM) came in at $-472M in August, above expectations of $-1275M, wiih the annual reading also above a forecasts of $1.22B in August, with actual being $2.02B. New Zealand exports were $3.52B vs $3.15B expected, while imports came in at $3.52B vs $4.45B expected.
Key facts (NZ Bureau of Statistics)
For August 2014 compared with August 2013:
Exports rose $227 million (6.9 percent) to $3.5 billion.
Live animals and milk powder, butter, and cheese led the rise.
Imports were down $536 million (12 percent) to $4.0 billion.
All main imports categories fell.
There was a trade deficit of $472 million (13 percent of exports).
The trend for exports has been falling since January 2014.
Key facts (NZ Bureau of Statistics)
For August 2014 compared with August 2013:
Exports rose $227 million (6.9 percent) to $3.5 billion.
Live animals and milk powder, butter, and cheese led the rise.
Imports were down $536 million (12 percent) to $4.0 billion.
All main imports categories fell.
There was a trade deficit of $472 million (13 percent of exports).
The trend for exports has been falling since January 2014.