NZ annual trade surplus $631m

Exports rose a seasonally adjusted 3.2% in the March quarter to $11.6 billion, boosted by dairy products and crude oil.

Imports for the three months rose 8.9% from the December quarter to $12 billion, with a big jump in crude oil imports and with an aircraft being imported, Statistics New Zealand said today.

For the month of March exports were 11% ahead of a year earlier at $4.5 billion, a new monthly high, while imports rose 17% to $4.1 billion.

For the month of March, there was a trade surplus of $464 million, or 10% of exports, while the annual trade surplus of $631 million amounted to 1.4% of exports.

The seasonally adjusted trade balance for the March quarter was a deficit of $428 million, equivalent to 3.7% of exports. It was the first quarterly, seasonally adjusted deficit since the December 2009 quarter.

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

SML - Synlait responds to The a2 Milk Company announcement
KPG - Annual meeting date, closing date for director nominations
April 13th Morning Report
CVT - Update on banking facilities
April 9th Morning Report
April 8th Morning Report
ATM - In principle agreement to settle shareholder class action
SUM - 1Q26 Metrics - Sales of Occupation Rights
GMT corporatised and stapled structure completed
April 7th Morning Report