Imports surge leads to record monthly trade deficit

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Imports rose $ 1.8 billion in August 2021 from August 2020, resulting in a record monthly trade deficit of $ 2.1 billion, Stats NZ reported today.

Exports were little changed, down $ 42 million.

“This is a larger-than-normal deficit due to higher values ​​of imports, especially vehicles, continuing the trend seen in recent months. August is also the month where we generally see higher values. low for dairy exports, ”said director of international trade Alasdair Allen. .

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