NZ: Imports surged to new all-time high of $5.8 billion in November
|"Imports in November 2017 were valued at $5.8 billion. The value exceeded last month’s record of $5.4 billion," Statistics New Zealand reported on Wednesday.
Key takeaways
Imports rose $1.2 billion (27 percent) from November 2016.
This was the largest rise in imports since a 62 percent rise in December 1999.
Exports rose $757 million (20 percent) to $4.6 billion, a new high for a November month.
This was also the largest percentage rise in export values since January 2014, which also featured high dairy prices.
The November 2017 monthly trade deficit was $1.2 billion (26 percent of exports), compared with an average of $447 million (11 percent of exports) for the previous five November months.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.