Source: Statistics New Zealand
Agriculture export growth narrows goods trade deficit – 21 February 2025 – The trade balance for the January 2025 month was a deficit of $486 million, according to figures released by Stats NZ today.
In the January 2024 month, the deficit was $1.1 billion.
Total exports were valued at $6.2 billion in January 2025, an increase of $1.4 billion when compared with January 2024. Imports were valued at $6.7 billion, an increase of $787 million over the same period.
The narrowing of the deficit in January 2025, compared with the same month last year, was driven by agricultural commodity exports.
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