NZ posts trade surplus in May as exports of logs, fruit jump

Sun, 26 Jun 2016

By Paul McBeth June 27 (BusinessDesk) - New Zealand posted a bigger than expected trade surplus in May as increased Chinese demand for logs and a growing international appetite for kiwifruit boosted exports. The trade surplus of $358 million in May exceeded the $164 million expected in a Reuters survey of economists and was a touch smaller than the $367 million surplus posted a year earlier. Exports were up 5.1 percent to $4.57 billion while imports gained 5.7 percent to $4.22 billion, Statistics New Zealand said. The rise in interna...

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