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NZ: Kiwi exports up $18m

With no clear resolution to the euro zone debt crisis likely in the first half of the year, New Zealand's export performance was likely to weaken, ASB economist Jane Turner says.Commenting on the latest trade balance figures released by Statistics New Zealand, Ms Turner said New Zealand's trade held up relatively well in November, despite a 5% fall in the month.

Fruit exports increased strongly during November. Statistics NZ noted that green kiwifruit exports were up $18 million compared with the previous corresponding period. The increase was largely due to timing, as this season's kiwifruit exports started and finished later, compared with the previous year, Ms Turner said.

Source: odt.co.nz