29 Apr 2015
NZ trade balance bears expectations in March
FXStreet (Bali) - New Zealand trade balance (YoY) came in at $-2.41B, above forecasts of $-2.74B in March, with the monthly reading also above forecasts $341M in March, actual at $631M. Exports came in at $4.93B, above expectations of $4.4B, while imports came in at $4.3B, above forecasts of $4.06B.
Key facts - March 2015 quarter
Values are seasonally adjusted and compared with the December 2014 quarter.
Exports fell 0.6 percent (to $12.2 billion). Milk powder, butter, and cheese led the fall, down 9.7 percent ($305 million). Imports fell 3.3 percent (to $13 billion). The trade deficit was $490 million (4.0 percent of exports).
March 2015 month:
Values are actual and compared with the March 2014 month.
Exports fell 2.0 percent (to $4.9 billion), led by whole milk powder. Imports rose 4.1 percent (to $4.3 billion). Annual exports to Australia were higher than to China. The trade surplus was $631 million (13 percent of exports). The annual trade deficit was $2.4 billion, the highest since July 2009.
Key facts - March 2015 quarter
Values are seasonally adjusted and compared with the December 2014 quarter.
Exports fell 0.6 percent (to $12.2 billion). Milk powder, butter, and cheese led the fall, down 9.7 percent ($305 million). Imports fell 3.3 percent (to $13 billion). The trade deficit was $490 million (4.0 percent of exports).
March 2015 month:
Values are actual and compared with the March 2014 month.
Exports fell 2.0 percent (to $4.9 billion), led by whole milk powder. Imports rose 4.1 percent (to $4.3 billion). Annual exports to Australia were higher than to China. The trade surplus was $631 million (13 percent of exports). The annual trade deficit was $2.4 billion, the highest since July 2009.