New Zealand trade balance posted a deficit of NZD 305 Million -vs- market expectation of a surplus of NZD 150 Million. Exports were lower than expected and Imports were higher than expected.
> Exports at NZ$3.35 bln vs est. NZ$3.6 bln
> Imports at NZ$3.65 bln vs est. NZ$3.5 bln
> 12-month trade balance NZ$1.299 bln deficit v est. NZ$897 mln shortfall