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Record monthly surplus as imports dive

From stats.govt.nz

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest since March 2015,” international statistics manager Darren Allan said. “A sharp fall in imports of petroleum, vehicles, and machinery, combined with steady exports, led to a record trade surplus.” The value of goods imported in April 2020 fell $1.1 billion (22 percent) to $4.0 billion when compared with April 2019. This is the second largest fall on record since the series began ... (full story)

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