19.12.201717:45:00UTC+00New Zealand Has NZ$1.193 Billion Trade Deficit

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.

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