Demand for imports pushes NZ annual June trade deficit to its widest level for a decade

Tue, 24 Jul 2018

By Tina Morrison July 25 (BusinessDesk) - Rising demand for imported goods has pushed New Zealand's trade balance to its widest deficit for a June year in a decade, Statistics New Zealand said. The country's annual trade deficit widened to $4 billion in the June year, from a deficit of $3.66 billion a year earlier, Stats NZ said. Annual imports increased by $6.02 billion to $59.55 billion, while exports rose by $5.65 billion to $55.52 billion. “The last June year surplus was in 2014, driven by high dairy export values,” acting internat...

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