Overview of New Zealand's June Trade Performance
Monday, 22 July 2024, 03:46
New Zealand's Trade Performance in June
In June, New Zealand's overall goods exports experienced a slight decline, falling by -0.1% year-on-year. This equated to a decrease of NZD 7.4 million, bringing the total goods exports to NZD 6.2 billion.
Import Trends
Conversely, goods imports faced a significant drop, decreasing by -13% year-on-year. This decline amounts to NZD 821 million, resulting in total imports of NZD 5.5 billion.
Trade Surplus
The combination of these trends led to a trade surplus of NZD 699 million, which surpassed market expectations of NZD 294 million.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.