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New Zealand imports rose 12% yoy in Oct, imports rose 26% yoy

New Zealand goods exports rose 12% yoy to NZD 5.3B in October. Goods imports rose 26% yoy to NZD 6.6B. Trade deficit came in at NZD -1.3B, versus expectation of NZD -1.6B.

Exports to China was up 20%, Australia down -6.5%, USA up 12%, Japan 30%, EU up 11%. Imports from China rose 29%, EU up 33%, Australia up 7.5%, USD up 13%, Japan up 52%.

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