In October 2025, New Zealand’s goods exports rose 16 percent to $6.5 billion, while imports increased 11 percent to $8.0 billion, creating a monthly trade deficit of $1.5 billion. Export gains were led by dairy products, with milk powder, butter and cheese up $316 million (18 percent), followed by fruit (+$82 million, 45 percent) and wine (+$55 million, 33 percent). The biggest growth among partners was China, whose exports to New Zealand rose $241 million (18 percent). Imports were strongest from China, up $452 million (29 percent), mainly electrical machinery, fertilisers and mechanical equipment. Over the year ended October 2025, total exports reached $79.4 billion, up $9.8 billion from the prior year, while imports totaled $81.6 billion, a $3.0 billion rise, leaving an annual trade deficit of $2.3 billion.
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