New Zealand Trade Deficit Narrows in October

In October of 2011, New Zealand recorded a trade deficit of $282 million (7.3 percent of exports). This compares with an average deficit of 23 percent of exports over the previous five October months.

In October of 2011 compared with October of 2010, the value of exported goods increased $195 million (5.3 percent) to $3.9 billion. Imported goods rose $257 million (6.6 percent) to $4.2 billion.

Increase in exports led by meat and edible offal, and crude oil. Increase in imports driven by intermediate goods like fertilisers, crude oil, processed fuels and lubricants.

New Zealand Trade Deficit Narrows in October, Statistics New Zealand
11/25/2011 11:57:27 AM