New Zealand’s Trade Balance came in at $-13.57B YoY in December versus $-13.90B prior, according to the latest data released by Statistics New Zealand on Monday.
Further details suggest that Exports declined to $5.94B during the said month versus $5.99B prior whereas Imports dropped to $6.26B compared to $7.20B in previous readings.
Market reaction
At the press time, the NZD/USD pair is down 0.03% on the day to trade at 0.6089.
About New Zealand Trade Balance
Trade balance, released by Statistics New Zealand, is the difference between the value of country's exports and imports, over a period of year. A positive balance means that exports exceed imports, a negative ones means the opposite. Positive trade balance illustrates high competitiveness of country's economy
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