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New Zealand had a merchandise trade surplus of NZ$365 million in June, Statistics New Zealand said on Wednesday.
That exceeded expectations for a surplus of NZ$100 million and was up from NZ$264 million in May.
Exports were up 2.8 percent on year to NZ$5.01 billion, shy of forecasts for NZ$5.29 billion and down from NZ$5.81 billion in the previous month.
Imports tumbled an annual 10 percent to NZ$4.65 billion versus expectations for NZ$5.20 billion after showing NZ$5.54 billion a month earlier.
