NZ posts record February trade surplus of $818M as China buys dairy, meat, logs

Wed, 26 Mar 2014

By Paul McBeth March 27 (BusinessDesk) - New Zealand posted its biggest ever trade surplus for the month of February as Chinese demand for local primary products continued to soar. The trade surplus was $818 million in February, from a revised $286 million surplus in January, and almost twice the $432 million surplus a year earlier, according to Statistics New Zealand. The annual trade balance was a surplus of $649 million, or 1.3 percent of exports. Economists polled by Reuters were expecting a monthly surplus of $600 million and an annual...

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