New Zealand trade balance for December 2020: NZD 17m (expected 800m NZD)

New Zealand trade balance for December 2020 NZD 17m for a big miss

• expected 800m NZD , prior 252m NZD

• exports NZD 5.35bn vs. expected 5.65bn NZD , prior 5.2bn NZD

• imports nzd 5.33bn vs. expected 4.85bn NZD , prior 4.95bn NZD

Export miss but a beat on imports . When imports beat its often indicative of a better performing economy.

NZD going nuts (OK, not true - barely moving)