24 Mar 2015
New Zealand trade balance shrink in February
FXStreet (Bali) - New Zealand Trade Balance (MoM) came below expectations at $50M in February from $392M, with exports at $3.92B, below expectations ($4.08B), while imports came in at $3.87B, above expectations ($3.75B).
Key facts
For February 2015 compared with February 2014:
Exports fell $608 million (13 percent) to $3.9 billion.
Milk powder, butter, and cheese led the fall.
Exports to China fell $421 million (36 percent) to $740 million.
Imports were up $139 million (3.7 percent) to $3.9 billion.
Consumption goods led the rise.
There was a trade surplus of $50 million (1.3 percent of exports).
Key facts
For February 2015 compared with February 2014:
Exports fell $608 million (13 percent) to $3.9 billion.
Milk powder, butter, and cheese led the fall.
Exports to China fell $421 million (36 percent) to $740 million.
Imports were up $139 million (3.7 percent) to $3.9 billion.
Consumption goods led the rise.
There was a trade surplus of $50 million (1.3 percent of exports).