NZ November trade deficit $186m

Higher prices for dairy products were the main factor behind a 19% rise in the value of exports in November compared to a year earlier.

Statistics New Zealand today put the value of exports for the month at $3.7 billion, up $589 million from November 2009.

The value of imports rose $495 million or 15% to $3.8 billion, including a rise of $152 million or 21% in processed industrial supplies.

The trade deficit for November was $186 million or 5.1% of exports, compared to an average November deficit of 24% of exports for the previous five years.

For the year to November, New Zealand had a trade surplus of $1.3 billion or 3.1% of exports. It was the first annual surplus for November since 2001.

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:

EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills