NZ June trade surplus $230m

A $230 million trade surplus recorded for June was slightly up from a year earlier but below market expectations.

Exports for the month rose 4.7 percent or $176m to $4 billion, while imports rose 4.7 percent or $167m to $3.7 billion, Statistics New Zealand said today.

Median forecasts in a Reuters poll of economists had been for a June trade surplus of $369m.

For the year to June the trade surplus was $1b, compared to the median forecast of $1.2b.

The main boost to exports last month compared to June 2010 was a $90m or 11 percent rise in milk powder, butter and cheese.

Among imports the largest rise was for petroleum and products, which rose $62m or 9.3 percent, mainly due to crude oil imports.

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:

Vector announces sale of HRV
GNE - 2025 ASM and closing date for director nominations
The Warehouse Group Appoints Chair
August 1st Morning Report
Infratil releases Climate Related Disclosures
The Warehouse Group Appoints Chief Digital & Transformation
The Financial Collapse Has Already Begun - Will You Be Caught Off Guard?
NWF - IMPLEMENTATION OF SCHEME OF ARRANGEMENT
EROAD Publishes FY25 Group Climate Statement
Synlait provides performance update