New Zealand Has NZ$1.0 Billion Trade Deficit In September

(RTTNews) - New Zealand had a merchandise trade deficit of NZ$1.0 billion in September, Statistics New Zealand said on Tuesday - following the NZ$353 million shortfall in August.

Imports were down NZ$643 million or 11.0 percent on year to NZ$5.0 billion, while exports sank NZ$350 million or 8.0 percent to NZ$4.0 billion.

For the third quarter of 2020, New Zealand had a trade surplus of NZ$1.2 billion.

Imports were up a seasonally adjusted 3.3 percent on quarter to NZ$13.6 billion following the 16 percent drop in Q2. Exports added 0.7 percent to NZ$14.8 billion following the 5.4 percent fall in the second quarter.