NZ Trade  Deficit Softens
NZ Trade  Deficit Softens

NZ Trade Deficit Softens

NZ Trade Deficit Softens

Rising exports to China and Japan helped offset New Zealand’s trade deficit in October, the government statistics agency said Friday, Xinhua reported. New Zealand’s total goods exports rose 2.2% year on year last month to 3.9 billion NZ dollars ($2.73 billion), with dairy exports up 13% to 1.1 billion NZ dollars. “We exported more butter for a higher price this month than October last year,” international statistics manager Jason Attewell said in a statement. “We also exported more milk powder, but prices were similar.” However, meat and edible offal exports, the second-largest export commodity group, fell 18%, or 71 million NZ dollars. Exports to China were up 54 million NZ dollars, or 7.9%, led by rises in logs, wood and wood articles, and in dairy products. Exports to Japan were up 28 million NZ dollars, or 12%, led by rises in a range of commodities. Exports to New Zealand’s three other main destinations—Australia, the United States and the European Union—were all down. The monthly trade balance was a deficit of 846 million NZ dollars, or 22% of exports.


Short URL : https://goo.gl/A3PcGT
  1. https://goo.gl/ijBcPI
  • https://goo.gl/BiPVrp
  • https://goo.gl/wj4jTp
  • https://goo.gl/IcT76S
  • https://goo.gl/wImz30

You can also read ...

The OECD predicts UK growth will slow sharply next year. Its GDP will slow from 1.8% to 1.6% for 2017, before dropping to 1% in 2018.
The global economy looks set to post its best performance in...
Japan Exports Jump 18 Percent, Fastest in Four Years
Booming shipments of cars and electronics in August drove up...
Asian Firms’ Confidence Slips  as Geopolitical Tensions Rise
Business confidence among Asian companies fell for the first...
Private firms, mostly SMEs, generate about 60% of China’s GDP and around 80% of the country’s jobs.
China’s value-added tax reform, a key part of supply-side...
Unemployment came out as the top concern in Europe, South Asia and sub-Saharan Africa, in second place is  Latin America, and in third place is the MENA region.
Unemployment is the biggest risk for businesses globally,...
Tata, Thyssenkrupp Announce Steel Merger
Industrial conglomerate ThyssenKrupp and Indian group Tata...
Brazil Improves But Political Uncertainty Keeps Fiscal Deficit High
The worst might be over, yet there are still notable concerns...
South Africa’s Stable Inflation Boosts Chances of Rate Cuts
South African inflation rose less than expected in August,...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.