New Zealand posted a merchandise trade deficit of NZ$199 million in January, Statistics New Zealand said on Monday.
That was well shy of forecasts for a surplus of NZ$167 million following the downwardly revised surplus of NZ$306 in December.
Imports jumped 19 percent on year to NZ$3.94 billion, beating expectations for NZ$3.51 billion following the upwardly revised NZ$3.99 billion in the previous month.
Exports climbed an annual 13 percent to NZ$3.74 billion, topping forecasts for NZ$3.70 billion following the downwardly revised figure of NZ$4.29 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.