NZ's trade deficit narrows in February as dairy exports rise

Thu, 23 Mar 2017

By Rebecca Howard March 24 (BusinessDesk) - New Zealand's trade deficit narrowed to $18 million in February but the annual trade deficit was the largest in nearly eight years. The monthly trade deficit was worth 0.5 percent of exports, which compared to an average surplus of 9.1 percent of exports for the previous five February months, data from Statistics New Zealand showed. The country had a $257 million trade deficit In January. In the 12 months to February, the trade deficit was $3.79 billion, the largest since April 2009. Exports fe...

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