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New Zealand Boosts International Trade in March Quarter as Both Exports, Imports Rise

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New Zealand recorded two-way international trade of NZ$60.9 billion for the March quarter, up 6.3% from a year earlier as both exports and imports increased, according to Stats NZ data published Wednesday.

The country exported goods and services worth NZ$31.4 billion in the March quarter, up 5.2% from NZ$29.8 billion a year ago, while imports totaled NZ$29.5 billion, rising 7.6% from NZ$27.4 billion in the March 2025 quarter.

Goods exports were slightly lower year over year to NZ$19.9 billion, but the decline was more than offset by a 17% jump in services exports to NZ$11.5 billion. Travel services led the rise in services exports in the March quarter, rising by 23% to NZ$7 billion, as both personal and business travel exports posted double-digit gains.

Meanwhile, goods imports increased 6.7% year over year to NZ$20.6 billion, and services imports jumped 9.8% to NZ$8.9 billion.

Stats NZ said the country's merchandise terms of trade fell 2% compared with the December 2025 quarter. The export prices for goods declined 2.7% and import prices ticked 0.7% lower, while export volumes for goods gained 2.7% and import volumes advanced 2.2%.

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