Soaring dairy exports drive NZ trade surplus in December

Thu, 30 Jan 2014

Jan. 31 (BusinessDesk) - Surging dairy exports underpinned New Zealand’s trade surplus in December, as primarily Chinese demand for milk products lifted overall exports. The trade balance was a surplus of $523 million in December, in line with expectations, from a surplus of $183 million in November, and $535 million a year earlier, according to Statistics New Zealand. The total value of exports rose 16 percent to $4.76 billion in December from a year earlier, underpinned by a 48 percent gain in foreign sales of milk powder, butter and chees...

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