2021.08.2423:23:00UTC+00New Zealand Has NZ$402 Million Trade Deficit

New Zealand posted a merchandise trade deficit of NZ$402 million in July, Statistics New Zealand said on Wednesday.

That follows the downwardly revised NZ$245 million trade surplus in June (originally NZ$261 million).

Exports jumped NZ$760 million or 15 percent on month to NZ$5.75 billion, down from the upwardly revised NZ$5.96 billion in the previous month (originally NZ$5.95 billion).

Imports spiked NZ$1.6 billion or 35 percent on month to NZ$6.16 billion, up from the upwardly revised NZ$5.71 billion a month earlier (originally NZ$5.69 billion).