New Zealand posted a trade surplus of NZD 142 million in June 2025, narrowing sharply from NZD 585 million in the same month a year earlier. Exports rose 10% year-over-year to NZD 6.6 billion, fueled by strong demand for key commodities such as milk powder, butter, and cheese (22%), fruit (25%), wood products (25%), and crude oil (169%). However, imports climbed at a faster 19% pace to NZD 6.5 billion, led by a surge in petroleum and related products (101%), vehicles and parts (13%), and electrical machinery (14%). Export growth was broad-based, with shipments to China up 11%, Australia 16%, and the EU 38%. On the import side, purchases increased from China (9.1%), the EU (0.8%), Australia (6.8%), the US (21%), and South Korea (40%), indicating strong demand across major trade partners.