• New Zealand trade balance surplus rose more than expected m/m

Market news

30 January 2018

New Zealand trade balance surplus rose more than expected m/m

  • Goods exports rose $1.1 billion (26 percent) to $5.6 billion, a new high for monthly total exports. The previous high was $5.0 billion in March 2014.

  • Goods imports rose $494 million (11 percent) to $4.9 billion.

  • The monthly trade balance was a surplus of $640 million (12 percent of exports).

  • In the last five December months, there were two surpluses (in 2012 and 2013), and three deficits (2014, 2015, and 2016).

  • The December 2017 surplus was the largest in a December month, and the largest in any month since March 2015 ($661 million).

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