New Zealand had a merchandise trade surplus of NZ$123 million in April, Statistics New Zealand said on Tuesday.
That beat forecasts for a surplus of NZ$98 million following the NZ$631 million surplus in March.
Exports were down 5.5 percent on year to NZ$4.17 billion versus forecasts for NZ$4.27 billion and down from NZ$4.93 billion in the previous month.
Imports added an annual 2.6 percent to NZ$4.04 billion versus expectations for NZ$4.12 billion and down from NZ$4.30 billion a month earlier.
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