NZ records fourth straight monthly trade deficit on fall in dairy, oil exports

Wed, 09 Jan 2013

Jan. 10 (BusinessDesk) – New Zealand recorded its fourth monthly trade deficit in a row due to a drop in exports of dairy products and crude oil, and resulting in a wider-than-expected annual gap. The trade deficit was $700 million in November, widening from $666 million in October and from $577 million in the same month a year earlier, according to Statistics New Zealand. The annual deficit widened to $1.46 billion from $1.33 billion in the 12 months through October and from a small surplus in the same period a year earlier. The annual trade...

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