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New Zealand Has NZ$714 Million Trade Deficit In February

New Zealand posted a merchandise trade deficit of NZ$714 million in February, Statistics New Zealand said on Tuesday.

That beat forecasts for a shortfall of NZ$1,450 million following the downwardly revised NZ$2,113 million deficit in January (originally -NZ$1,965 million).

Exports were worth NZ$5.23 billion, easing from the downwardly revised NZ$5.30 billion in the previous month (originally NZ$5.47 billion).

Imports came in at NA$5,95 billion, down from NZ$7.42 billion a month earlier.

In the year to February, the trade deficit was NZ$15,640 million.

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