New Zealand had a merchandise trade deficit of NZ$649 million in July, Statistics New Zealand said on Wednesday.
That missed expectations for a shortfall of NZ$600 million following the NZ$60 million deficit in June.
Exports climbed 14.0 percent on year to NZ$4.20 billion – well above forecasts for NZ$3.83 billion although down slightly from NZ$4.23 billion in the previous month.
Imports advanced an annual4.8 percent to NZ$4.85 billion versus expectations for NZ$4.40 billion and up from NZ$4.29 billion a month earlier.
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