RTTNews - New Zealand posted a trade surplus of 858.0 billion New Zealand dollars in May, Statistics New Zealand said on Monday, for the largest surplus in 16 years.
Analysts had been expecting a surplus of 250 million NZD following the revised 319 million NZD surplus in April.
Exports came in at 3.96 billion NZD versus expectations for 3.70 billion NZD. Imports totaled 3.10 billion NZD - below forecasts for 3.42 billion NZD.
For the year, New Zealand has a trade deficit of 3.044 billion NZD.
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