Nov annual trade posts first surplus in nine years
Higher prices for dairy products were the main factor behind a 19% rise in the value of exports in November compared with a year earlier.
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Higher prices for dairy products were the main factor behind a 19% rise in the value of exports in November compared with a year earlier.
Statistics New Zealand today put the value of exports for the month at $3.7 billion, up $589 million from November 2009.
The value of imports rose $495 million, or 15%, to $3.8 billion, including a rise of $152 million, or 21%, in processed industrial supplies.
The trade deficit for November was $186 million, or 5.1% of exports, compared with an average November deficit of 24% of exports for the previous five years.
For the year to November, New Zealand had a trade surplus of $1.3 billion, or 3.1% of exports. It was the first annual surplus for November since 2001.
NZPA
Mon, 10 Jan 2011
Mon, 10 Jan 2011
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Nov annual trade posts first surplus in nine years
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