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New Zealand had a merchandise trade deficit of NZ$1.193 billion in November, Statistics New Zealand said on Wednesday.
That missed expectations for a shortfall of NZ$550 million following the NZ$843 million deficit in October.
Exports jumped 20.0 percent on year to NZ$4.63 billion - topping forecasts for NZ$4.61 billion and up from NX$4.55 billion in the previous month.
Imports spiked an annual 27.0 percent to NZ$5,82 billion versus expectations for NZ#$5.10 billion and up from NZ$5.40 billion a month earlier.
