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- New Zealand's trade balance surplus rose in June
New Zealand's trade balance surplus rose in June
June 2017 quarterly values are seasonally adjusted and compared with the March 2017 quarter.
Goods exports rose 9.9 percent, to $13.5 billion.
Milk powder, butter, and cheese dominated the rise in exports, up 22 percent ($679 million); quantity was up 20 percent.
Goods imports rose 2.9 percent, to $14.0 billion.
Capital goods led the rise in imports, up 9.7 percent ($259 million).
Intermediate goods rose 3.6 percent ($202 million).
Consumption goods rose 1.2 percent ($42 million).
Quarterly trade deficit was $479 million (3.5 percent of exports).
Thirteen consecutive quarterly trade deficits since March 2014.
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