30 Jan 2014
New Zealand trade balance at the upper end of expectations
FXstreet.com (Bali) - New Zealand trade balance (YoY) for Dec came at $-0.26B vs $-0.18B expected and $-0.25B last, with the monthly reading standing at $523M vs 600M expected and $183M last. Eports (Dec) contributed by $4.76B vs $4.6B expected and $4.5B last, with imports came at $4.24B v $4.1B expected vs $4.3B prior.
Key facts - NZ Stats Bureau
December 2013 year: Values are actual and compared with the December 2012 year. Exports rose 4.4 percent (to $48.1 billion), led by milk powder. China was our top export destination for the year ended December. Imports rose 2.4 percent (to $48.3 billion), led by vehicles, parts, and accessories.
December 2013 quarter: Values are seasonally adjusted and compared with the September 2013 quarter. Exports rose 10 percent (to $13.4 billion). Imports fell 2.8 percent (to $12.3 billion). There was a trade surplus of $1.1 billion (8.0 percent of exports). The trend for both exports and imports has been increasing in recent quarters.
December 2013 month: Values are actual and compared with the December 2012 month. Exports rose 16 percent (to $4.8 billion), led by milk powder. Imports rose 19 percent (to $4.2 billion). There was a trade surplus of $523 million (11 percent of exports).
Key facts - NZ Stats Bureau
December 2013 year: Values are actual and compared with the December 2012 year. Exports rose 4.4 percent (to $48.1 billion), led by milk powder. China was our top export destination for the year ended December. Imports rose 2.4 percent (to $48.3 billion), led by vehicles, parts, and accessories.
December 2013 quarter: Values are seasonally adjusted and compared with the September 2013 quarter. Exports rose 10 percent (to $13.4 billion). Imports fell 2.8 percent (to $12.3 billion). There was a trade surplus of $1.1 billion (8.0 percent of exports). The trend for both exports and imports has been increasing in recent quarters.
December 2013 month: Values are actual and compared with the December 2012 month. Exports rose 16 percent (to $4.8 billion), led by milk powder. Imports rose 19 percent (to $4.2 billion). There was a trade surplus of $523 million (11 percent of exports).