New Zealand’s total exports fell 4.4%
Affected by the decline in meat and dairy products exports, New Zealand’s total exports in October fell 4.4% year-on-year to 4.78 billion (New Zealand dollars, the same below). As for total imports, it also fell by 13% year-on-year to 5.29 billion, mainly due to the decline in imports of automobiles, related parts and accessories, but the performance of exports and imports rebounded from the low this year. During the same period, New Zealand had a trade deficit of 501 million. However, as of October this year, due to the impact of the new crown epidemic, local exports have increased by 1.2%, while imports have fallen by 10%, resulting in a trade surplus of 2.191 billion yuan during the year, the highest in 28 years. This may help ease the impact of the epidemic. Economic shock.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/