Statistics New Zealand reported a May trade surplus of NZ$358 million ($254 million) in May, 2.2x that expected by economists according to Reuters. Exports grew 5.1% during the month, with exports to China (dominated by timber, dairy and meat products according to Panjiva data) rising 26.7% but U.S. exports (led by wine, timber and fruit) … Continue reading “New Zealand Trade Strong on China Support”