24 Jul 2014
NZ trade balance comes above expectations
FXStreet (Bali) - New Zealand trade balance(MoM)(Jun) came at $247M vs $150M exp and $285M last, with the (YoY)(Jun) read standing at $1.2B vs $1.15B exp and $1.37B last. Exports (Jun) were $4.19B vs $4.28B exp and $4.60B last, while imports (Jun) saw $3.95B vs $4.10B exp and $4.32B last.
Key facts (NZ Bureau of Statistics)
June 2014 quarter:
Values are seasonally adjusted and compared with the March 2014 quarter. Exports fell 7.4 percent (to $12.4 billion). Imports rose 0.5 percent (to $12.5 billion). There was a trade deficit of $146 million (1.2 percent of exports). The trends for both exports and imports remain at high levels.
June 2014 month:
Values are actual and compared with the June 2013 month. Exports rose 4.8 percent (to $4.2 billion), led by whole milk powder. Imp orts rose 8.7 percent (to $3.9 billion).There was a trade surplus of $247 million (5.9 percent of exports).
June 2014 year:
Values are actual and compared with the June 2013 year.
Exports rose 12 percent (to $51.2 billion), led by milk powder. China was our top export destination for the year ended June. Imports rose 7.4 percent (to $50.0 billion), led by vehicles, parts, and accessories.
Key facts (NZ Bureau of Statistics)
June 2014 quarter:
Values are seasonally adjusted and compared with the March 2014 quarter. Exports fell 7.4 percent (to $12.4 billion). Imports rose 0.5 percent (to $12.5 billion). There was a trade deficit of $146 million (1.2 percent of exports). The trends for both exports and imports remain at high levels.
June 2014 month:
Values are actual and compared with the June 2013 month. Exports rose 4.8 percent (to $4.2 billion), led by whole milk powder. Imp orts rose 8.7 percent (to $3.9 billion).There was a trade surplus of $247 million (5.9 percent of exports).
June 2014 year:
Values are actual and compared with the June 2013 year.
Exports rose 12 percent (to $51.2 billion), led by milk powder. China was our top export destination for the year ended June. Imports rose 7.4 percent (to $50.0 billion), led by vehicles, parts, and accessories.