NZ posts trade surplus in February as car imports fall to 5-year low

Sun, 25 Mar 2018

By Sophie Boot March 26 (BusinessDesk) - New Zealand posted a trade surplus in February as imports and exports both increased, with imports at a high for the month even as car imports fell, Statistics New Zealand said. Goods exports jumped 11 percent to $4.46 billion compared with February last year, while imports rose 4.6 percent to $4.24 billion, resulting in a trade surplus of $217 million for the month, compared to a $42 million deficit in February last year. The latest data reverses January's trade deficit of $655 million, which w...

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