25 Sep 2013
New Zealand trade balance deficit worsens
FXstreet.com (Barcelona) - New Zealand Trade Balance (MoM) (Aug) came at $-1191M vs $-743M exp and $-774M prior. Exports (Aug) stood at $3.33B vs $3.54B exp and $3.85B last, while Imports (Aug) saw $4.52B vs $4.30B exp and $4.62B prior.
For August 2013 compared with August 2012 - NZ Bureau of Statistics
- Goods imports rose $398 million (9.7 percent) to $4.5 billion.
- Ships, boats, and floating structures led the increase in imports, up $203 million, which includes a large one-off item.
- Goods exports rose $19 million (0.6 percent) to $3.3 billion.
- Logs, wood, and wood articles led the increase in exports, up $120 million.
- There was a trade deficit of $1.2 billion (36 percent of exports).
- The trend for exports is 3.7 percent below the series high point of August 2011.
- The trend for import values (excluding one-off imports) has been increasing in recent months.
For August 2013 compared with August 2012 - NZ Bureau of Statistics
- Goods imports rose $398 million (9.7 percent) to $4.5 billion.
- Ships, boats, and floating structures led the increase in imports, up $203 million, which includes a large one-off item.
- Goods exports rose $19 million (0.6 percent) to $3.3 billion.
- Logs, wood, and wood articles led the increase in exports, up $120 million.
- There was a trade deficit of $1.2 billion (36 percent of exports).
- The trend for exports is 3.7 percent below the series high point of August 2011.
- The trend for import values (excluding one-off imports) has been increasing in recent months.