New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$698 million in March, Statistics New Zealand said on Monday.
That beat expectations for a trade surplus of NZ$175 million following the downwardly revised NZ$365 deficit in February (originally -NZ$257 million).
Exports rose 7.3 percent on year to NZ$7.94 billion, up from the downwardly revised NZ$6.52 billion in the previous month (originally NZ$6.63 billion).
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.