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Market Update: New Zealand Trade Surplus Narrows in April
New Zealand’s trade surplus narrowed to NZD 388 million in April of 2021 from NZD 1,350 million in the same month a year earlier. Exports rose 1.2 percent to NZD 5.4 billion amid higher sales of preparations of log, wood, and wood articles. Among major trading partners, shipments increased to China (26 percent) and Australia (24 percent). Imports went up 26 percent to NZD 5.0 billion, due to higher purchases of vehicles, parts, and accessories. Purchases went up mainly from the EU, japan, and China. source: Statistics New Zealand [/s2If]
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