empty
 
 

2020.11.2610:08:00UTC+00New Zealand Trade Surplus Rises In October

New Zealand's trade surplus grew in October as imports declined faster than exports, data released by Statistics New Zealand showed Thursday.

The trade surplus for the year ended October increased to NZ$2.19 billion in October from NZ$1.65 billion in the year ended in September.

The monthly trade deficit narrowed to NZ$0.5 billion in October.

The latest annual surplus was the largest since July 1992, mainly driven by lower imports after the Covid-19 pandemic hit, while exports rose, Statistics New Zealand international trade manager Alasdair Allen said.

Exports of goods fell 4.4 percent annually to NZ$4.8 billion in October.

Imports dropped 13.0 percent yearly to NZ$5.3 billion.

"Imports are down in part because of restrictions on international and domestic travel imposed in March to slow the spread of the pandemic," Allen said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback