29 Oct 2010

Trade surplus widens

1:34 pm on 29 October 2010

The quarterly trade surplus has widened, with exports falling by less than imports.

Official figures show the seasonally-adjusted surplus stood at $378 million in the three months to September, the third successive quarterly trade surplus .

Statistics New Zealand says exports fell 2.5% to $10.8 million, with lower meat sales being partly offset by higher milk powder, butter and cheese prices. Imports fell 3.1%, to $10.4 million.

On an annual basis, the trade surplus stood at $921 million, the highest level since 2001.