Exports fell 8.6 per cent in April compared with March, but the drop was mainly led by lower exports of crude oil.
Statistics NZ figures released today show New Zealand ran a trade surplus of $157 million in April, equal to about 4 per cent of total exports. April months have been in surplus since 2009.
The latest trade figures show total exports in April were worth $4 billion, up 2 per cent on the same month a year ago, reflecting gains in meat and offal.
But seasonally adjusted April exports were down 8.6 per cent on March this year, with the drop led by crude oil exports.
Seasonally adjusted imports rose 1.5 per cent in April, compared with March.
Total imports in April were worth $3.8 billion, up $263m on the same month a year ago. Most of that increase was due to crude oil and diesel, up $235m. Imports of fuel can jump around sharply depending on the timing of big shipments.
New Zealand imports and exports crude oil - they are different grades.
Cars and car parts were up $68m from April last year.
- © Fairfax NZ News