Largest trade surplus in six years

Thu, 24 Sep 2020

New Zealand recorded its largest annual trade surplus in six years in August as imports continue to take a hit.The trade surplus was $1.3 billion in the 12 months ended August, compared with a deficit of $5.6 billion in the prior year.Goods exports were worth $60.7 billion, up $1.6 billion from the previous year, while annual goods imports came to $59.4 billion, down $5.3 billion from the previous year.“The recent falls in imports and growth in exports resulted in an annual trade surplus not seen since the strong 2013/14 dairy export seas...

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