NZ trade balance unexpectedly turns to surplus in January on slower import growth

Wed, 25 Feb 2015

Feb. 26 (BusinessDesk) - New Zealand's trade balance unexpectedly turned to a surplus in January as the impact of weaker crude oil prices on imports outpaced a decline in exports led by dairy products. The trade surplus was $56 million in January, compared to a deficit of $195 million in December and a surplus of $285 million in January 2014, according to Statistics New Zealand. Exports fell to $3.7 billion in January from $4.42 billion in December and were down from $4.1 billion in January last year. Imports fell to $3.64 billion from $4.58...

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