NZ prints trade deficit in June, increase in imports weigh

FXStreet (Bali) - New Zealand June trade balance came at -60m vs. 100m expected, while the yearly reading stood at -2.58b vs -2.7b expected. Imports were 4.29b vs 3.95b expected, while exports came at 4.23b vs 4.09b expected.

Key facts

June 2015 quarter:

Values are seasonally adjusted and compared with the March 2015 quarter.

Exports rose 0.4 percent (to $12 billion).

Fruit led the rise, up 13 percent ($64 million).

Imports rose 0.4 percent (to $13 billion).

The trade deficit was $460 million (3.8 percent of exports).

June 2015 month:

Values are actual and compared with the June 2014 month.

Exports rose 1.3 percent (to $4.2 billion), led by logs.

Imports were up 9.0 percent ($355 million) to $4.3 billion.

Monthly exports to Australia were higher than to China.

The trade deficit was $60 million (1.4 percent of exports).

Largest annual trade deficit since year ended July 2009.

New Zealand dollar was 10.5 percent lower than in June 2014.