New Zealand Reports Trade Surplus in February

In February 2012, there was a trade surplus of $161 million (4.5 percent of exports). This compares with an average surplus of 6.1 percent of exports over the previous five February months, although there was a deficit in February 2007.

Exported goods fell $267 million (6.9 percent) in February 2012, to $3.6 billion. It appears that changes to the timing of shipments of key commodities affected this result.

Imported goods were valued at $3.4 billion in February 2012, down $244 million (6.6 percent). The one-off importation of capital goods in February 2011 had a large influence on the import value.

New Zealand Reports Trade Surplus in February, Statistics New Zealand
3/28/2012 6:06:04 PM