Pages

Tuesday, 2 November 2010

Trade in surplus

NBR reports New Zealand's ongoing trade surpluses are continuing. Exports are now sitting at $41.8 billion per annum while imports sit at $40.9 billion, a surplus of $900 million year to year. While this is good news on paper, there's an underlying trend which is concerning - a quarterly decrease in exports by 2.5%. This will get worse now that the $NZ - $US is strengthening. On the other side of the equation, it will make imports from the US cheaper...