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New Zealand had a merchandise trade deficit of NZ$18 million in February, Statistics New Zealand said on Friday.
That missed forecasts for a surplus of NZ$180 million following the upwardly revised NZ$257 million deficit in January (originally -NZ$285 million).
Imports were worth NZ$4.02 billion, exceeding expectations for NZ$3.99 billion and down from NZ$4.16 billion in the previous month.
Exports were at NZ$4.01 billion, missing forecasts for NZ$4.20 billion but up from NZ$3.91 billion.
