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New Zealand Has NZ$922 Million Trade Surplus In March

New Zealand had a merchandise trade surplus of NZ$922 million in March, Statistics New Zealand said on Friday - beating forecasts for NZ$131 million and up sharply from NZ$12 million in February.

Exports were up 19.0 percent on month to a record NZ$5.70 billion, exceeding expectations for NZ$5.30 billion and up significantly from NZ$4.82 billion in the previous month.

Imports sank 3.5 percent on month to NZ$4.77 billion versus expectations for NZ$5.15 billion and down from NZ$4.80 billion a month earlier.

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