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New Zealand Has NZ$433 Million Trade Surplus

New Zealand had a merchandise trade surplus of NZ$433 million in April, Statistics Mew Zealand said on Friday.

That beat expectations for a surplus of NZ$400 million following the downwardly revised NZ$824 million surplus in March (originally NZ$922 million).

Exports were up 12.0 percent on year to NZ$5.55 billion, topping expectations for NZ$5.35 billion and down from the downwardly revised NZ$5.60 billion in the previous month (originally NZ$5.70 billion).

Imports rose an annual 7.3 percent to NZ$5.11 billion versus forecasts for NZ$4.90 billion and up from NZ$4.78 billion a month earlier.

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