New Zealand experienced the trade surplus as the prices for export goods went quite high. The exports value increased more than the imports value. However, a rise was seen in both. Craig Ebert, BNZ Senior Economist felt contented with the recovery of exports.

Mr. Ebert stated that around 10% leap was seen in the dairy products and meat exports. Also, the exports of pleasure boats in the month of May were an advantage too. He said that the boat builders will try to compete with the competitors of Australia.

In May, the trade surplus was $605 million due to the contribution of dairy products and meat and also the pleasure boats. The entire export trade was of worth $4.6 billion in the same month.

According to New Zealand’s statistical reports, the overall exports rose by 10 per cent, or $429m. The figures of the NZ statistics notified, “The trend in the value of exports has increased 30 per cent since its most recent low in September 2009, and continued to reach new highs”.

Philip York, Federated Farmers' Economics spokesman, said the times have passed when a US50c cross rate was against the greenback.

According to the statistics, the imports were high by $594m to $4b in the month of May. They were mainly affected by oil imports and due to import of the parts of aircraft.