2026.04.1922:45:00UTC+00New Zealand Swings to Trade Surplus in March, Reversing February Deficit

New Zealand’s trade balance moved sharply back into positive territory in March 2026, recording a surplus of 698 million NZD, according to data updated on 19 April 2026. This marks a strong turnaround from February 2026, when the country posted a trade deficit of 365 million NZD.

On a month-over-month basis, the data show a significant improvement in external trade conditions. The latest “actual” reading for March is compared with February, while the “previous” figure reflects the change in February relative to January. The shift from a negative balance in February to a solid surplus in March signals a notable strengthening in New Zealand’s trade position within just one month, although the underlying drivers—whether stronger exports, weaker imports, or both—are not specified in the released figures.