NZ trade deficit narrows in October as dairy exports increase

Thu, 24 Nov 2016

By Tina Morrison Nov. 25 (BusinessDesk) - New Zealand's monthly trade deficit narrowed in October as an improving global dairy market buoyed exports of dairy products. The country's trade deficit was $846 million in October, from $1.4 billion last month and $905 million in October last year, Statistics New Zealand said. The annual trade gap narrowed to $3.297 billion from $3.356 billion in September. New Zealand's exports in October advanced 2.2 percent to $3.9 billion, led by a 13 percent jump in the value of dairy product exports to...

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