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New Zealand exports and imports all decreased last month…But imports from Korea increased

New Zealand exports and imports all decreased last month…But imports from Korea increased

The NZ Statistics Office said on the 24th that NZ’s exports and imports all fell last month compared to the same period last year.
Imports from Korea amounted to $170 million, up 34% from the same period last year.

Exports fell $416 million (about 330.3 billion won) year-on-year to $4.5 billion, explained that exports to all major trading partners except China declined.

Exports to South Korea fell 24.4% year-on-year to $97 million, while exports to the United States fell 9.2% to $494 million, respectively.

Exports to China rose 33.5% to $1.47 billion.

NZ’s income during Feb 2020 was $4.3 billion, down $44 million compares to a year earlier.

Imports from Korea, China, and Taiwan have increased significantly. Imports from China and Taiwan rose 44.6% and 44.2%, respectively to $1.089 billion and $72 million.

-Translated by KNZBC
– The original News : https://www.yna.co.kr/view/AKR20210324046100009?input=1195m