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New Zealand Has NZ$920 Million Trade Surplus

New Zealand saw a merchandise trade surplus of NZ$920 million in March, Statistics New Zealand said on Tuesday.

That beat forecasts for a surplus of NZ$900 million following the downwardly revised NZ$793 million surplus in February (originally NZ$818 million).

Exports were up 15.0 percent on year to NZ$5.08 billion - exceeding expectations for NZ$5.0 billion and up from the downwardly revised NZ$4.53 billion in the previous month (originally NZ$4.6 billion).

Imports climbed an annual 13.0 percent to NZ$4.16 billion versus forecasts for NZ$4.1 billion and up from NZ$3.74 billion a month earlier.

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