New Zealand Has NZ$263 Million Trade Surplus

New Zealand posted a merchandise trade surplus of NZ$263 million in May, Statistics New Zealand said on Wednesday.

That follows the downwardly revised NZ$440 million surplus in April (originally (NZ$584 million).

Exports were worth NZ$6.95 billion last month, accelerating from the downwardly revised NZ$6.16 billion in the previous month (originally NZ$631 million).

Imports came in at NZ$6.69 billion, up from the downwardly revised NZ$5.72 billion in April (originally NZ$5.73 billion).

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