November tagged posts

NZ November Trade Deficit in 5 Year Low

January 7, 2009 International FinanceNew Zealand Finance  No comments

The New Zealand trade deficit for the month of November reached 14.1% of exports, according to figures released by Statistics New Zealand on the 7th of January.

The trade deficit is defined as the excess imports of a country over their respective exports. In the November of 2009, the deficit figure for New Zealand reached $520 million, or 14.1 % of the exports. The average November trade deficit figure for the previous five years has been 27.7% of the export figure.

Despite this, some analysts are still predicting a relatively gloomy situation for New Zealand in the near future. Dominantly this view is supported by the contraction of global markets and falls in commodity prices...

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