Friday 29th April 2011 |
Text too small? |
Exports rose a seasonally adjusted 3.2% in the March quarter to $11.6 billion, boosted by dairy products and crude oil.
Imports for the three months rose 8.9% from the December quarter to $12 billion, with a big jump in crude oil imports and with an aircraft being imported, Statistics New Zealand said today.
For the month of March exports were 11% ahead of a year earlier at $4.5 billion, a new monthly high, while imports rose 17% to $4.1 billion.
For the month of March, there was a trade surplus of $464 million, or 10% of exports, while the annual trade surplus of $631 million amounted to 1.4% of exports.
The seasonally adjusted trade balance for the March quarter was a deficit of $428 million, equivalent to 3.7% of exports. It was the first quarterly, seasonally adjusted deficit since the December 2009 quarter.
NZPA
No comments yet
MPG - Metroglass clarifies media statements by Crescent Capital
VTL - Takeovers Panel orders Empire to reimburse Vital's expenses
March 14th Morning Report
SKT - Sky secures iconic sports rights
RYM - Ryman completes Retail Entitlement Offer
TEM - Transaction in Own Shares
FPH launches F&P Nova™ Nasal mask in NZ and AU
Fonterra announces changes to management team
March 12th Morning Report
WHS FY25 Interim Results teleconference details