BEIJING: November saw exports to China increase by a huge 17 percent to $803 million from the same month last year cementing China’s position as the top export destination, and taking annual exports to the country to $8.53 billion, Statistics New Zealand said. Fruit exports jumped 65 per cent to $59 million, led by kiwifruit.
China NZ’s largest market for imports New Zealand recorded a trade deficit of $779 million in November, narrower than the $810 million deficit expected in a Reuters poll of economists, with both imports and exports higher than expected. The annual deficit of $3.68 billion, compares with expectations in the Reuters poll for a $3.76 billion deficit.
In the month of November, New Zealand exports rose 1 per cent to $4.08 billion from the same month last year, ahead of expectations for $3.9 billion. Meanwhile, imports slid 12 per cent to $4.86 billion from November last year, ahead of expectations of $4.75 billion.