FX.co ★ New Zealand Trade Balance Narrows in May

New Zealand’s trade surplus narrowed to NZD 0.8 billion in May 2026, down from NZD 1.1 billion in the same month a year earlier and slightly below market expectations of NZD 0.875 billion, as exports increased by less than imports. Exports rose 18.1% year-on-year to a record NZD 8.9 billion, while imports surged 25.9% over the same period to an all-time high of NZD 8.1 billion.