Susan Kilsby, agriculture economist at ANZ, notes that the New Zealand’s trade balance for January was considerably weaker than expected with exports below expectations and imports considerably stronger. Key Quotes “The unadjusted monthly trade balance turned a large deficit of $914m in January.” “Exports at just $4.4bn were below expectations with the slow start to the meat processing season primarily to blame. Imports were strong, partially due to a $200m large item, but the overall import strength indicates domestic demand remains robust.” “On a seasonally adjusted basis, exports decreased 7.8% m/m. Dairy volumes lifted, but the recent uptick in dairy prices is yet to be reflected in export values.” “Seasonally adjusted imports rose 0.4% m/m. Petrol imports dropped by 6.1% following a strong lift the previous month.” “The annual deficit is expected to narrow as the year progresses reflecting stronger export volumes of meat, dairy and forestry, while the improvement in prices for dairy should start to flow through in the coming months.” 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 Bitcoin outdoes Paypal’s transaction volume second year in a row FX Street 4 years Susan Kilsby, agriculture economist at ANZ, notes that the New Zealand's trade balance for January was considerably weaker than expected with exports below expectations and imports considerably stronger. Key Quotes "The unadjusted monthly trade balance turned a large deficit of $914m in January." "Exports at just $4.4bn were below expectations with the slow start to the meat processing season primarily to blame. Imports were strong, partially due to a $200m large item, but the overall import strength indicates domestic demand remains robust." "On a seasonally adjusted basis, exports decreased 7.8% m/m. Dairy volumes lifted, but the recent uptick in dairy… 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.
