New Zealand had a merchandise trade deficit of NZ$914 million in January, Statistics New Zealand said on Wednesday.
That missed expectations for a shortfall of NZ$300 million following the NZ$264million surplus in December.
Exports added an annual 3.0 percent at NZ$4.40 billion, shy of expectations for NZ$4.80 billion and down sharply from NZ$5.48 billion in the previous month.
Imports were up 7.7 percent on year at NZ$5.32 billion versus forecasts for NZ$5.00 billion and up from NZ$5.22 billion a month earlier.
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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.