New Zealand had a merchandise trade deficit of NZ$1.0 billion in September, Statistics New Zealand said on Tuesday – following the NZ$353 million shortfall in August.
Imports were down NZ$643 million or 11.0 percent on year to NZ$5.0 billion, while exports sank NZ$350 million or 8.0 percent to NZ$4.0 billion.
For the third quarter of 2020, New Zealand had a trade surplus of NZ$1.2 billion.
Imports were up a seasonally adjusted 3.3 percent on quarter to NZ$13.6 billion following the 16 percent drop in Q2. Exports added 0.7 percent to NZ$14.8 billion following the 5.4 percent fall in the second quarter.
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