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![S&P says NZ's credit rating could be downgraded if the trade deficit doesn't narrow as expected. Photo / Michael Craig](https://www.newstalkzb.co.nz/media/5zwabc0m/sp-says-nzs-credit-rating-could-be-downgraded-if-the-trade-deficit-doesnt-narrow-as-expected.jpg?rmode=crop&rnd=133584629374730000&height=395&quality=95&scale=both)
New Zealand has achieved its first trading surplus since last May.
Stats NZ trade data for March 2024 shows a monthly surplus of $588 million.
Goods exports rose 3.8 percent in March on March 2023 - driven by fruit exports, which rose $170 million.
ANZ economist Henry Russell says this is down to a post-pandemic bounce-back - and a weakening domestic economy.
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