New Zealand June Trade Balance Shrinks @ Forex Factory

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New Zealand June Trade Balance Shrinks

New Zealand's trade balance shrank in the June month to NZ$276 million, down from the previous month's NZ$814 million. For the June quarter, the trade balance was a surplus of NZ$389 million. Statistics NZ reported Thursday that the value of exports rose a seasonally adjusted 6.8 percent in the quarter to NZ$11.2 billion. Statistics NZ noted that the value of exports were approaching the record high seen in late 2008. For the June 2010 month, exports were up NZ$552 million or 17 percent at NZ$3.8 billion. Imports were down NZ$56 million or 1.6 percent to NZ$3.5 billion. Imports for the quarter increased 5.8 percent to NZ$10.8 billion, which remain well below their 2008 high. Full Story

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Submitted Jul 28, 2010 7:06pm

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