New Zealand trade balance: Better-than-expected surplus in April

FXStreet (Bali) - New Zealand trade balance (MoM) came in at $123M in April, above forecasts ($100M), with the yearly read at $-2.62B vs $-2.79B. New Zealand Imports were below forecasts at $4.04B vs $4.1B, while exports came in at $4.17B vs $4.2B expected.

Key facts

For April 2015 compared with April 2014:

Exports fell $240 million (5.5 percent) to $4.2 billion.

Milk powder, butter, and cheese led the fall.

Imports rose $104 million (2.6 percent) to $4.0 billion.

Capital goods led the rise.

The trade surplus was $123 million (3.0 percent of exports).