New Zealand trade balance for April NZD+584 mn (vs. prior NZD -392mn)

New Zealand trade balance for April NZD +584mn

• prior NZD -392mn

exports +631bn NZD

• prior NZD 6.67bn

imports +5.73bn NZD

• prior NZD 7.06bn

A significant drop in imports shifts the monthly trade balance into surplus.

NZD/USD barely moved: