27 Jun 2018

Record lamb exports boost trade surplus

4:25 pm on 27 June 2018

New Zealand has recorded a trade surplus, led by record-high lamb exports.

Official figures showed a surplus of $294 million in May.

Exports rose 10 percent to $5.4 billion, the second highest level for any month.

The main contribution came from meat, with lamb and beef sales to China rising.

Imports rose 6 percent to $5.1bn, led by more cars which offset a drop in crude oil and fuel.