29 Jan 2015

Export value dropped in December

1:02 pm on 29 January 2015

New Zealand posted a trade deficit of $159 million last month as the value of exports fell and imports climbed.

Exports fell 6.9% in the latest month, led by whole milk powder, while imports climbed 7.6 percent.

Despite the monthly fall, exports rose nearly 1 percent in the December quarter, led by a 15 percent rise in the value of meat exports.

The trade deficit for the December quarter, adjusted for seasonal variations, was $904 million dollars.

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