New Zealand's terms of trade contracted 1.8 percent on quarter in the third quarter of 2016, Statistics New Zealand said on Thursday.
That missed forecasts for a flat reading following the 2.5 percent decline in the previous three months.
Export prices for goods fell 2.8 percent, while import prices for goods fell 1.0 percent. The services terms of trade rose 2.4 percent.
Services export prices rose 0.3 percent, while services import prices fell 2.1 percent.
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