New Zealand posted a merchandise trade deficit of NZ$519 million in January, Statistics New Zealand said on Friday.
That beat forecasts for a shortfall of NZ$745 million following the downwardly revised NZ$88 million deficit (originally a NZ$52 million surplus).
Exports rose 2.6 percent on year or NZ$157 million to NZ$6.21 billion, while imports added an annual 1.9 percent or NZ$126 million to NZ$6.73 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.