New Zealand trade balance for May, surplus of NZD 1253bn

  • expected NZD 1290m surplus, prior NZD 1267

Exports NZD 5.39bn

  • expected NZD 5.4bn, prior NZD 5.26bn

Imports 4.41 bn NZD

  • expected NZD 4.1bn, prior NZD 3.99bn

Imports have been hit by reduced domestic demand due to the cov1 COVID-19 lockdown.

12 month balance is at -1.33bn NZD, at its lows since 2014.