Heading in the right direction, but still not great numbers on the trade deficit

Stats NZ data for October shows exports fell to five-point-four-billion dollars annually, with imports down to just over seven-billion dollars on last year.

The annual trade deficit is 14-point-eight-billion dollars, slightly better than September's 15-point-four-one billion-dollars.

Infometrics chief economist Brad Olsen says it's an improvement, but it remains a concern.

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