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New Zealand recorded a trade surplus of NZD 0.70 billion in March 2026, reversing a revised deficit of NZD 0.79 billion in the same month a year earlier and exceeding market expectations of a NZD 0.18 billion surplus. This was the country’s first trade surplus since December, supported by increases in both exports and imports. Exports grew 7.3% year-on-year to NZD 7.94 billion, while imports advanced 9.6% to NZD 7.25 billion.
