New Zealand Trade Surplus Increases In April

New Zealand's trade surplus widened in April as imports declined faster than exports, data released by Statistics New Zealand showed Tuesday.

The trade surplus increased to NZ$1.3 billion in April from NZ$0.722 billion in March.

Exports of goods fell 4.0 percent annually to NZ$5.3 billion in April.

Imports dropped 22.0 percent yearly to NZ$4.0 billion.

Export to Australia, the EU, China and USA declined in April, while those to Japan increased from last year.

While, imports from the EU, Japan, Australia and USA decreased in April, while those from China increased from previous year.