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New Zealand January Trade Deficit NZ$914 Million

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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