New Zealand Has NZ$1.544 Billion Trade Shortfall In October

(RTTNews) - New Zealand posted a merchandise trade deficit of NZ$1.544 billion in October, Statistics New Zealand said on Monday.

That follows the downwardly revised NZ$2.154 billion shortfall in September (originally NZ$2.108 billion).

Exports were up 7.5 percent on year to NZ$5.77 billion in October, after showing a downwardly revised NZ$4.91 billion in the previous month (originally NZ$5.01 billion).

Imports added an annual 3.0 percent to NZ$7.31 billion, up from the downwardly revised NZ$7.06 billion a month earlier (originally NZ$7.12 billion).

Annual goods exports were valued at NZ$69.7 billion, up NZ$1.3 million from the previous year. Annual goods imports were valued at NZ$78.6 billion, down NZ$5.9 billion from September. The annual trade deficit was NZ$9.0 billion after showing NZ$14.8 billion in October 2023.