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XE Data Update - NZ Trade Balance Release

The NZ Trade Balance for April has just been released.

They came in marginally worse than expected:

NZ Trade Balance:

Trade Balance (Apr) $433mio surplus Consensus $450mio surplus
- Imports (Apr) $5.11bio Consensus $4.90bio
- Exports (Apr) $5.55bio Consensus $5.35bio

Trade Balance Year to Oct $5.48bio deficit Consensus $5.47bio deficit.

Last month’s Trade Balance was revised lower by NZD$98mio to NZD$824mio.

The rise in exports was led by dairy products (milk powder, butter, & cheese), and in untreated logs, kiwifruits, and meat and edible offal.

The NZD is little changed in immediate response.

Below is the link to the Stats NZ report:

https://www.stats.govt.nz/news/high-levels-of-exports-continue-in-april

Current indicative rates are:

NZD-USD 0.6510 / 0.6535
NZD-AUD 0.9440 / 0.9465
NZD-EUR 0.5825 / 0.5850
NZD-GBP 0.5125 / 0.5150
NZD-JPY 75.45 / 75.70

ends

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