Merchandise trade data from NZ

Trade balance for May shows a surplus of 294m

  • expected surplus was 100m, prior surplus 193m, revised from 263m

exports NZD 5.42bn

  • expected 5.25bn, prior 4.96bn, revised from 5.05bn

imports NZD 5.12bn

  • expected 5.10bn, prior 4.77bn, revised from 4.79bn

For the 12 months year to date, deficit of 3598m NZD

  • expected -3743m, prior -3830m

NZD had a wiggle but little changed as I update. Exports up, imports up, overall a bigger surplus for the month than was expected.