October trade deficit widens

Statistics New Zealand says preliminary data shows the country ran a merchandise trade deficit of $267 million in October compared to $185 million in the same month last year.

The provisional value of imports for the month was $3.017 billion, taking the annual import value for the year ended October to $32.021 billion - $1.2 billion higher than the same period last year.

The early estimate for October 2001 merchandise exports is $2.75 billion which puts the trade surplus for the year ended October at just under $800 million.

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