New Zealand September trade balance -$1560m vs -$1365m expected

September 2018 New Zealand trade balance data

• Prior was -$1484m (revised to -$1470m)

• Exports $4.33B vs $4.20B exp

• Imports $5.89B vs $5.60B exp

• Trade balance YTD $5188m vs -$5015m expected (prior was -$4814m)

If you're going to miss on trade deficit, it's better when it's on higher imports rather than any kind of drop in exports. Still, this isn't going to do the kiwi any favors.