2019.03.2518:30:00UTC+00New Zealand Has NZ$12 Million Trade Surplus

New Zealand had a merchandise trade surplus of NZ$12 million in February, Statistics New Zealand said on Tuesday.

That exceeded expectations for a deficit of NZ$200 million following the NZ$914 million shortfall in January.

Exports climbed NZ$371 million or 8.3 percent on year to NZ$4.8 billion - topping forecasts for NZ$4.7 billion and up from NZ$4.4 billion in the previous month.

Imports advanced an annual 13.0 percent or NZ$547 million to NZ$4.8 billion versus expectations for NZ$4.9 billion and down from NZ$5.32 billion a month earlier.