New Zealand Has NZ$1.544 Billion Trade Shortfall In October
2024-11-21
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(fxcue news) - New Zealand posted a merchandise trade deficit of NZ$1.544 billion in October, Statistics New Zealand said on Monday.
That follows the downwardly revised NZ$2.154 billion shortfall in September (originally NZ$2.108 billion).
Exports were up 7.5 percent on year to NZ$5.77 billion in October, after showing a downwardly revised NZ$4.91 billion in the previous month (originally NZ$5.01 billion).
Imports added an annual 3.0 percent to NZ$7.31 billion, up from the downwardly revised NZ$7.06 billion a month earlier (originally NZ$7.12 billion).
Annual goods exports were valued at NZ$69.7 billion, up NZ$1.3 million from the previous year.
Annual goods imports were valued at NZ$78.6 billion, down NZ$5.9 billion from September. The annual trade deficit was NZ$9.0 billion after showing NZ$14.8 billion in October 2023.
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