New Zealand’s trade deficit shrank to NZD 1.2 billion in August 2025, from NZD 2.3 billion in the corresponding month of the previous year. Exports surged by 23% year-on-year to NZD 5.9 billion, on outbound shipment of fruit (57%), milk powder, butter, and cheese (32%), meat and edible offal (30%), and precious metals, jewelry, and coins (92%). On the other hand, import values declined slightly, falling 0.4% to NZD 7.1 billion, weighed down by lower purchases of petroleum and products (-10%), aircraft and parts (-34%), ships, boats, and floating structures (-92%), and food residues, wastes, and fodder (-16%). Export growth was broad-based, with shipments rising to China (+35%), Australia (+17%), the US (+14%), and the EU (+52%), while imports fell from the EU (-6%), the US (-1.3%), and South Korea (-32%).