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February Trade Surplus Confirmed

11 April 2002

February Trade Surplus Confirmed The updated value of the merchandise trade balance for the February 2002 month is a surplus of $271 million, according to latest figures released by Statistics New Zealand. This replaces the early estimate of $269 million published on 27 March 2002. This surplus of $271 million is equivalent to 10.3 percent of the value of merchandise exports for the month. Surpluses of more than 10.3 percent of exports have been recorded in four of the 10 previous February months.

The monthly trend in the merchandise trade balance shows a decline since August 2001.

The updated value of merchandise exports for February 2002 is $2,622 million. This value is $2 million (less than 0.1 percent) higher than the early estimate. The value of imports for February 2002 is $2,351 million.

The updated value of merchandise exports for the year ended February 2002 is $32,623 million, which is an increase of 8.3 percent from the previous February year. The updated merchandise trade balance for the year ended February 2002 is a surplus of $479 million. This surplus compares with a deficit for the previous February year of $1,019 million.

Brian Pink
Government Statistician

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