China overtakes Australia as NZ’s biggest export market, buying more meat, dairy, logs

Thu, 25 Apr 2013

April 26 (BusinessDesk) – China has overtaken Australia as New Zealand’s biggest export market for the first time, buying more meat, dairy products and pine logs, while shipments across the Tasman have fallen. New Zealand’s trade surplus was $718 million last month for an annual deficit of $520 million, according to Statistics New Zealand. The monthly surplus was almost twice the $373 million forecast in a Reuters survey and the annual gap is smaller than the forecast deficit of $970 million. In the first quarter, exports to China jumped 32...

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