New Zealand's June trade deficit narrows to NZ$542 million

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Statistics New Zealand announced on the 20th that the seasonally adjusted trade balance for June was a deficit of NZ$542 million, narrowing from the previous month's deficit of NZ$1.087 billion. Exports rose 5.5 percent month-on-month to NZ$7.821 billion, driven by growth in meat, dairy products, and aluminium. Imports fell 1.6 percent to NZ$8.362 billion, with an increase in crude oil offset by declines in tobacco and books.

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