New Zealand Has NZ$631 Million Trade Surplus

New Zealand had a merchandise trade surplus of NZ$631 million in March, Statistics New Zealand said on Wednesday. That topped forecasts for a surplus of NZ$300 million following the NZ$50 million surplus in February. Exports were down 2.0 percent on year to NZ$4.9 billion, while imports climbed an annual 4.1 percent to NZ$4.3 billion. Year to date, New Zealand has a trade deficit of NZ$2.407 billion versus forecasts for NZ$2.700 billion after coming in at NZ$2.181 billion in February.

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