| Actual | Previous | Revised | |
| Balance | NZ$23M | NZ$800M | NZ$577M |
| Imports - M/M | -1.6% | 20.6% | 19.4% |
| Imports - Y/Y | 27.6% | 25.9% | 25.9% |
| Exports - M/M | 5.5% | 2.7% | 1.4% |
| Exports - Y/Y | 24.8% | 18.1% | 15.1% |
Highlights
New Zealand's merchandise trade surplus narrowed from NZ$577 million in May to NZ$23 million in June. This compares with a surplus of NZ$16 million in June 2025. Exports rose on the month but imports fell for the third time in four months.
Exports rose 5.5 percent on the month in June after advancing 1.4 percent in May, with year-over-year growth accelerating from 15.1 percent to 24.8 percent. Exports of fruit, meat, forestry products and dairy products all recorded strong increases. Exports were also solid across most major trading partners, with particularly strong demand from China, the European Union, and the United States.
Imports fell 1.6 percent on the month in June after increasing 19.4 percent in May, and rose 27.6 percent on the year after a previous increase of 25.9 percent. Imports of mechanical machinery and equipment and motor vehicles were solid, while fuel imports surged. Growth was solid across most major trading partners with the exception of the United States.