24.06.201919:15:00UTC+00New Zealand Has NZ$264 Million Trade Surplus In May

New Zealand had a merchandise trade surplus of NZ$264 million in May, Statistics New Zealand said on Tuesday.

That beat forecasts for a surplus of NZ$250 million following the NZ$433 million surplus in April.

Exports were up 8.5 percent on year to NZ$5.81 billion, also exceeding expectations for NZ$5.61 billion and up from NZ$5.55 billion in the previous month.

Imports climbed an annual 7.6 percent to NZ$5.54 billion versus forecasts for NZ$5.40 billion and up from NZ$5.11 billion a month earlier.

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