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Statistics New Zealand said the merchandise trade surplus in New Zealand came in at NZ$103 million in May.
The result fell short of market expectations for NZ$103 million in May and was below the revised NZ$536 million registered in April.
Exports surpassed the NZ$4.93 billion expected by economists after rising 8.7 percent annually to NZ$4.95 billion.
Imports rose 15.0 percent to NZ$4.85 billion on year versus expectations for NZ$4.48 billion and up from NZ$4.16 billion.
