New Zealand exports increase in July

Higher milk powder, butter and cheese exports led a 12 percent rise in the total value of exports in July to 3.6 billion NZ dollars (2.6 billion U.S. dollars), showed figures releaseed by Statistics New Zealand on Monday.

Dairy exports increased by almost a third in July, followed by strong increases in boats, ships and wood products.

The value of imports also rose 12 percent, to 3.8 billion NZ dollars, led by higher petroleum, car and fertilizer imports, it said.

The trade surplus narrowed in July to a deficit of 186 million NZ dollars, which was the first deficit in seven months.
(Source:xinhua)