• New Zealand trade balance deficit higher than expected y/y

Market news

25 July 2018

New Zealand trade balance deficit higher than expected y/y

June 2018 monthly values are actual and compared with June 2017.

  • Goods exports rose $217 million (4.6 percent) to $4.9 billion. This was a new high for a June month, with the previous high in the same month a year ago ($4.7 billion).

  • Goods imports rose $573 million (13 percent) to $5.0 billion, a new high for a June month, with the previous high in June 2017.

  • The monthly trade balance was a deficit of $113 million (2.3 percent of exports).

  • This is the second deficit for a June month in the last decade.

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