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New Zealand Has NZ$2.144 Billion Trade Shortfall In August

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New Zealand Has NZ$2.144 Billion Trade Shortfall In August

New Zealand posted a record monthly merchandise trade deficit of NZ$2.144 billion in August, Statistics New Zealand said on Friday.

That follows the upwardly revised NZ$397 million shortfall in July (originally -NZ$402 million).

Imports were worth NZ$6.49 billion following the upwardly revised NZ$6.17 billion in the previous month (originally MZ$6.16 billion).

Exports came in at NZ$4.35 billion, down sharply from the upwardly revised NZ$5.77 billion a month earlier (originally NZ$5.75 billion).

The annual goods trade balance was a deficit of NZ$2.9 billion.

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