June trade surplus $365M, higher than expected

Tue, 23 Jul 2019

By Rebecca Howard July 24 (BusinessDesk) - New Zealand's June trade surplus was wider than expected as exports were bolstered by logs and imports fell to their lowest level in 16 months. Exports rose to $5.01 billion, up 2.8 percent from a year earlier, while imports fell 10 percent to $4.65 billion, said Stats NZ. The June trade surplus was $365 million. The annual trade balance was a $4.94 billion deficit versus a revised $5.59 billion deficit for the 12 months through May. The annual deficit in June last year was $4.2 billion. Eco...

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