Economic Buzz: New Zealand Trade Deficit At $2.1 Billion In October

22 Nov 2022 , 10:46 AM

According to a report released by Statistics New Zealand, good imports in New Zealand rose $1.6 billion (24 percent) to $8.3 billion in October 2022. The total goods exports rose 14 percent or $758 million to $6.1 billion. The monthly trade balance in October was a deficit of $2.1 billion. Annual goods exports were valued at $71.1 billion, up $9.0 billion (14 percent) from the previous year. Annual goods imports were valued at $84.0 billion, up $17.0 billion (25 percent) from the previous year. The annual trade deficit was $12.9 billion. In the year ended October 2021 there was a deficit of $4.9 billion.Powered by Commodity Insights