New Zealand saw a merchandise trade deficit of NZ$908 million in October, Statistics New Zealand said on Thursday.
That was well shy of forecasts for a shortfall of NZ$642 million following the NZ$1.367 billion deficit in September.
Exports tumbled 5.1 percent on year to NZ$4.03 billion, beating expectations for a NZ$3.85 billion and up from NZ$3.61 billion in the previous month.
Imports surged an annual 12 percent to NZ$4.94 billion versus forecasts for NZ$4.60 billion but down from NZ$4.98 billion a month earlier.
The material has been provided by InstaForex Company – www.instaforex.com