Exports for the month of May in New Zealand’s economy surged to their second-highest reading for any single month, ticking upwards by 10% to clock in at $5.4 billion, bringing New Zealand’s Trade Balance to a higher-than-expected $294 million for May. Key quotes “The monthly trade balance was a surplus of $294 million (5.4 percent of exports), higher than the average monthly surplus in the last five May months. For the year ended May 2018, the annual trade deficit was $3.6 billion (6.5 percent of exports). This compares with an annual trade deficit of $3.8 billion (7.7 percent of exports) in the year ended May 2017. Overall exports were up $509 million (10 percent) to $5.4 billion, with meat exports having the largest increase. Forestry products had the second-largest increase in exports, up $99 million (26 percent) to $477 million. The largest increases were to China, Singapore, and Hong Kong. The value of total imports rose $277 million (5.7 percent) in May 2018 to reach $5.1 billion, as New Zealand imported more cars, but fewer petroleum products than a year ago. Imports of cars rose $78 million (17 percent) in May. This boosted overall imports of vehicles, parts “and accessories to $924 million, up $185 million compared with the same month last year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD pops a handful of pips to 0.6860 on trade surplus FX Street 5 years Exports for the month of May in New Zealand's economy surged to their second-highest reading for any single month, ticking upwards by 10% to clock in at $5.4 billion, bringing New Zealand's Trade Balance to a higher-than-expected $294 million for May. Key quotes "The monthly trade balance was a surplus of $294 million (5.4 percent of exports), higher than the average monthly surplus in the last five May months. For the year ended May 2018, the annual trade deficit was $3.6 billion (6.5 percent of exports). This compares with an annual trade deficit of $3.8 billion (7.7 percent of exports)… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.