New Zealand's Trade Surplus Widens In April

By Ben CollinsFeaturesDow Jones Newswires

WELLINGTON, New Zealand--New Zealand's trade surplus widened in April from a year earlier, Statistics New Zealand said Wednesday.

The nation's merchandise trade surplus came to 578 million New Zealand dollars (US$405 million) last month compared with a NZ$350 million surplus a year earlier, buoyed by dairy, wood, and wine exports.

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"In April we had the largest monthly trade surplus since 2015," international trade statistics senior manager Daria Kwon said.

"This trimmed back the annual deficit, which reached an eight-year high in February," she said.

Stats NZ said total imports for April were NZ$4.17 billion, while total exports were NZ$4.75 billion.

New Zealand had a NZ$3.48 billion trade deficit for the 12 months to April 2017.

Economists surveyed by The Wall Street Journal had expected a surplus of NZ$310 million for the month, and a deficit of NZ$3.71 billion for the year to April.

In March, New Zealand posted a trade surplus of NZ$332 million.

Write to Ben Collins at

(END) Dow Jones Newswires

May 23, 2017 19:18 ET (23:18 GMT)