31 Jan 2011

Another trade surplus recorded

12:33 pm on 31 January 2011

New Zealand has recorded its fifth consecutive quarterly trade surplus, helped by a rise in meat exports.

The seasonally-adjusted trade surplus was $275 million in the three months to December.

Exports rose 3% to $11.1 billion, helped by higher sales of meat, logs and wood products.

Imports rose 4% to $10.9 billion boosted by the one-off purchase of an aircraft. Excluding the aircraft purchase, imports would have increased by 2%.

On an annual basis, a surplus of $1.1 billion was recorded.