Economic Buzz: New Zealand's Trade Balance Rises To NZD 718 Million

Statistics New Zealand said today that export values increased NZ$213 million (5.1 percent) for the March 2013 month, compared with March 2012, and imports decreased NZ$319 million (7.9 percent). The trade balance for the March 2013 month was a surplus of NZ$$718 million (16 percent of exports). This compares with an average deficit of NZ$354 million (8.3 percent) of exports over the previous five March months. The seasonally adjusted trade balance for the March 2013 quarter was a surplus of $52 million, equivalent to 0.4 percent of exports. This follows a deficit of $59 million in the December 2012 quarter.
Source by Commodity Insights