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4.1.7 Balance of payments

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Question 7

Annual percentage change in the value of New Zealand's exports and imports (nominal values), August 2022–October 2023

MonthExports (%)Imports (%)
Aug-228.09.5
Sep-226.57.0
Oct-225.53.0
Nov-224.05.0
Dec-223.04.5
Jan-232.00.5
Feb-231.0-1.5
Mar-23-0.5-0.5
Apr-23-2.0-1.0
May-23-3.0-3.0
Jun-23-3.5-5.0
Jul-23-2.5-1.0
Aug-23-1.52.0
Sep-230.51.5
Oct-232.51.0

With reference to the table above, which one of the following statements is correct?

In the year to October 2022, the New Zealand trade balance worsened

In the year to April 2023, the New Zealand trade balance improved

In the year to August 2023, the New Zealand trade balance improved

In the year to June 2023, the New Zealand trade balance improved

4.1.7 Balance of payments Questions

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