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Trade deficit narrows as imports fall
New Zealand posted a narrower trade deficit in August as exports of live animals and dairy products rise and imports from major trading partners declined.
New Zealand posted a narrower trade deficit in August as exports of live animals and dairy products rise and imports from major trading partners declined.
New Zealand's terms of trade held at a 40-year high in the second quarter, as a high New Zealand dollar pushed down the price of imports, offsetting a decline in exports.
Cheap imported carbon credits comprised 99.5 per cent of the units New Zealand emitters used to meet their obligations under the emissions trading scheme last year.
New Zealand posted its seventh monthly trade surplus in May, led by overseas demand for the nation's primary products such as milk powder, butter and cheese.
NZ Post plans to roll out YouShop in China - the parcel forwarding service set up to cash in on the surge in online shopping.
New Zealand's trade surplus widened in March as Chinese demand for dairy continues to soar, driving annual export receipts to new records.
Justice Minister Judith Collins' Beijing dinner came after the company made a formal request to NZ ministers to intervene with the Chinese Govt over import barriers.
The Ports of Auckland said it had handled a record number of containers in March, beating the previous record set last October.
The bulk of New Zealand's imports come through the Ports of Auckland while the Port of Tauranga is the undisputed king of the export trade.
New Zealand posted its third straight trade surplus in January, as sales of dairy products drove record exports to China.
There's no room for shoddy and cheap Chinese exports anymore, says a visiting Chinese trade boss.
The kiwi is expected to appreciate further against the Australian after the cross rate hit a near five-year high this week.
For an initial scan of potential markets, use data on countries found in the annual World Economic Forum report.
Today, more than 70 billion animals are raised and killed for food worldwide annually, the majority in factory farms.
Businesses expect the New Zealand dollar to peak around the middle of the year before declining, according to an ASB Bank survey.
It is "highly unlikely" horse-flesh has been introduced into beef products illegally in New Zealand, the meat industry said yesterday as a contamination scandal widened in the UK.