NZ records July trade surplus of $15 million as dairy shipments to China drive exports

Thu, 23 Aug 2012

Aug. 24 (BusinessDesk) - New Zealand recorded a small trade surplus in July, with shipments of dairy products to China making up for weaker exports to Australia, Indonesia and India. The surplus was $15 million last month, down from a revised $287 million in the previous month, according to Statistics New Zealand. Exports slipped to $4.03 billion from $4.18 billion, while imports gained to $3.99 billion from $3.89 billion. The annual deficit was $853 million, or 1.8 percent of exports. Economists had forecast a monthly surplus of $33 million...

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