NZ prints trade deficit in June, increase in imports weigh

FXStreet (Bali) – New Zealand June trade balance came at -60m vs. 100m expected, while the yearly reading stood at -2.58b vs -2.7b expected. Imports were 4.29b vs 3.95b expected, while exports came at 4.23b vs 4.09b expected.

Key facts

June 2015 quarter:

Values are seasonally adjusted and compared with the March 2015 quarter.

Exports rose 0.4 percent (to $12 billion).

Fruit led the rise, up 13 percent ($64 million).

Imports rose 0.4 percent (to $13 billion).

The trade deficit was $460 million (3.8 percent of exports).

June 2015 month:

Values are actual and compared with the June 2014 month.

Exports rose 1.3 percent (to $4.2 billion), led by logs.

Imports were up 9.0 percent ($355 million) to $4.3 billion.

Monthly exports to Australia were higher than to China.

The trade deficit was $60 million (1.4 percent of exports).

Largest annual trade deficit since year ended July 2009.

New Zealand dollar was 10.5 percent lower than in June 2014.

New Zealand June trade balance came at -60m vs. 100m expected, while the yearly reading stood at -2.58b vs -2.7b expected. Imports were 4.29b vs 3.95b expected, while exports came at 4.23b vs 4.09b expected.

(Market News Provided by FXstreet)