We’re heading in the right direction, but they’re still not great numbers on the trade deficit. 

Stats NZ data for October shows exports fell to $5.4 billion annually, with imports down to just over $7 billion on last year. 

The annual trade deficit is $14.8 billion, slightly better than September's $15.41 billion. 

Infometrics chief economist Brad Olsen told Kate Hawkesby that it's an improvement, but it remains a concern. 

He says we're still importing more than we're exporting. 

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