The seasonally-adjusted Trade Balance in New Zealand increased to $-11.99 billion YoY at the end of February, from the previous period’s $-12.62 billion. This was due to a little dip in January that was followed by a rise in both imports and exports in February. <\/p>\n\n\n\n
New Zealand’s trade gap, also known as trade balance narrowed a bit in February. While both imports and exports surged compared to January, exports saw a stronger rebound. This follows a dip in January that brought exports to a four-month low.<\/p>\n\n\n\n
As for exports, after a January slump, exports bounced back to $5.89 billion in February, a 16% increase year-over-year. In terms of imports,<\/strong>\u00a0there has been a modest recovery, for the period in question, reaching $6.11 billion. This represents a 3.3% year-over-year increase. The overall trade deficit remained around -$12 billion. The New Zealand dollar (NZD) showed little reaction to this news, staying slightly below $0.6050 USD. This follows a broader US dollar rally earlier in the week.<\/p>\n","protected":false},"excerpt":{"rendered":" The seasonally-adjusted Trade Balance in New Zealand increased to $-11.99 billion YoY at the end of February, from the previous period’s $-12.62 billion. This was due to a little dip in January that was followed by a rise in both imports and exports in February. New Zealand’s trade gap, also known as trade balance narrowed …<\/p>\n","protected":false},"author":13,"featured_media":34119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37],"tags":[7148,7173,8412],"class_list":["post-98952","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","tag-new-zealand","tag-nzd-usd","tag-trade-balance"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=98952"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98952\/revisions"}],"predecessor-version":[{"id":98960,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98952\/revisions\/98960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34119"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=98952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=98952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=98952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}