NZ shows trade deficit of $908 million in Oct

FXStreet (Bali) - NZ trade balance figures for Oct came mixed, with a recovery in exports, flat imports, while the trade balance deficit on a month-by-month basis was not as weak as in Sept.

Key headlines

New Zealand Exports up to $4.03B in October from previous $3.61B

New Zealand Imports: $4.93B (October) vs previous $4.96B

New Zealand Trade Balance (YoY) dipped from previous $0.65B to $-0.11B in October

New Zealand Trade Balance (MoM) up to $-908M in October from previous $-1350M

Key facts - NZ Bureau of Statistics

For October 2014 compared with October 2013:

Exports fell $215 million (5.1 percent) to $4.0 billion.

Milk powder, butter, and cheese led the fall.

Exports to China fell $433 million (40 percent) to $638 million.

Imports were up $525 million (12 percent) to $4.9 billion.

All main imports categories rose.

There was a trade deficit of $908 million (23 percent of exports).

The trend for exports has been falling since January 2014.