New Zealand November trade balance, -213m (expected -575m) via ForexLive

New Zealand November trade balance,  -213m

• expected is -575m, prior was -908m

November exports, 4.02bn

• expected 4.03bn, prior was 4.03bn

November imports, 4.24bn

• expected -4.58bn, prior was -4.94bn

More – via Statistics New Zealand:

• Exports fell $421 million (9.5 percent) to $4.0 billion.
• Milk powder, butter, and cheese led the fall (down 27 percent, with the quantity down 3.1 percent)
• The fall in dairy reflects the record high levels exported, mainly to China, in November 2013.
• A 20 percent rise in meat exports partially offset the fall, led by a price-driven rise in frozen beef.
• Exports to China fell $539 million (44 percent) to $686 million (trend for exports to China is 42 percent lower than the series peak in December 2013, and is now at similar levels to 2012)
• Imports fell $54 million (1.3 percent) to $4.2 billion.
• Capital goods (aircraft and helicopters) led the fall.
• There was a trade deficit of $213 million (5.3 percent of exports).
• The trend for exports showed little change.

posted via ForexLive