New Zealand posted a merchandise trade surplus of NZ$922 million in March, Statistics New Zealand said on Friday - beating forecasts for NZ$131 million and up sharply from NZ$12 million in February.
Exports were up 19.0 percent on month to a record NZ$5.70 billion, exceeding expectations for NZ$5.30 billion and up significantly from NZ$4.82 billion in the previous month.
Among the gainers, Milk powder rose NZ$226 million (41 percent) in value, and 32 percent in quantity. The average unit value rose 6.5 percent.
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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.