May trade balance, 285m

  • expected 250m, prior was 498m, revised from 534m

May exports, 4.60bn

  • expected 4.50bn, prior was 4.44bn, revised from 4.50bn

May imports, 4.32bn

  • expected 4.23bn, prior was 3.94bn, , revised from 3.96bn

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  • value of exported goods rose to $4.6 billion in May 2014, up $528 million (13 percent) compared with May 2013
  • trade balance for May 2014 was a surplus of $285 million (6.2 percent of exports). This compares with an average surplus of 12 percent of exports over the previous five May months.
  • Seasonally adjusted exports rose 0.5 percent in May 2014 compared with April 2014.
  • Seasonally adjusted imports rose 2.9 percent.
  • All three prior month results were revised down a little

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A beat on all 3, and the NZD popped a little (to a new session high and the highest since August 2011)