NZ posts trade surplus as China’s appetite for milk powder boosts exports

Mon, 25 Mar 2019

By Margreet Dietz March 26 (BusinessDesk) - New Zealand posted a trade surplus of $12 million in February, down from a $188 million surplus in the same month a year ago, as China boosted milk powder exports while imports of cars rose. In the last 10 February months, there have been nine surpluses and one deficit, according to Statistics New Zealand. Meanwhile, the record January deficit was adjusted higher to $948 million, up from the previously reported $914 million deficit. In February, overall goods exports rose 8.3 percent to $4....

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