New Zealand had a merchandise trade surplus of NZ$56 million in January, Statistics New Zealand said on Thursday.
That topped expectations for a deficit of NZ$158 million following the downwardly revised NZ$195 million shortfall in December (originally -NZ$159 million).
Exports were worth NZ$3.70 billion - shy of expectations for NZ$3.73 billion and down from the downwardly revised NZ$4.40 billion in the previous month (originally NZ$4.42 billion).
Imports were at NZ$3.64 billion versus forecasts for NZ$3.94 billion following the upwardly revised NZ$4.60 billion a month earlier (originally NZ$4.58 billion).
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