New Zealand export prices rose 7.8% q/q in Q1. Terms of trade +0.5% q/q,

Terms of trade data from New Zealand for January - March 2022 +0.5% q/q

• expected +0.5%, prior -1.0%

Export prices +7.8% q/q (expected +4.6%, prior +2.7%)

• Export volumes -7.0% q/q
• Import prices +7.2% q/q (expected +4.0%, prior +3.8%)