NZ imports rise to record high in 2015 as kiwi dollar declines

Wed, 27 Jan 2016

By Tina Morrison Jan. 28 (BusinessDesk) - New Zealand imports rose to a record high last year as a decline in the value of the currency pushed up values. The country's imports increased 2.5 percent to $52.53 billion compared with the year earlier, according to data from Statistics New Zealand. Annual exports slid 2.2 percent to $49 billion. The annual trade deficit widened to $3.55 billion from $1.18 billion in 2014, and the widest for a calendar year since 2008, the agency said. The New Zealand dollar slipped about 12 percent against...

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