NEW ZEALAND HAS NZ$385 MILLION TRADE SHORTFALL IN FEBRUARY

Japan posted a seasonally adjusted merchandise trade deficit of NZ$385 million in February, Statistics New Zealand said on Monday. That follows the downwardly revised NZ$1,126 million deficit in January (originally a trade deficit of NZ$1.082 billion).

Exports were worth NZ$5.49 billion last month, up from the downwardly revised NZ$4.8 billion a month earlier (originally NZ$4.86 billion).

Imports were at NZ$5.88 billion, down from the downwardly revised NZ$5.92 billion in the previous month (originally NZ$5.94 billion).

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