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New Zealand recorded a trade deficit of NZ$2.1 billion in September 2024, narrowing from a NZ$2.4 billion gap in the corresponding month of the previous year. Exports jumped by 5.2% from a year earlier to NZ$5.01 billion led by increase in outshipments of fruit (+105%); milk powder, butter, and cheese(15%); logs, wood, and wood articles (7.3%); and mechanical machinery and equipment (12%). On the other hand, imports fell by 0.9% year-on-year to NZ$7.1 billion amid lower purchases of vehicles, parts, and accessories (41%); petroleum and products (21%); cereals (56%) and food residues, wastes, and fodder(18%). During the month, New Zealand’s top export markets were China, Australia and the US, while top import partners were China, the EU and Australia.