FX.co ★ New Zealand Export Volumes Rebound Sharply in Q1 2026 After Late-2025 Slump

New Zealand’s export volumes showed a strong turnaround in the first quarter of 2026, with the terms of trade – exports volume indicator rising 2.7% quarter-over-quarter. The latest data, updated on 2 June 2026, marks a notable improvement after a 3.2% decline recorded in the fourth quarter of 2025.

The quarter-over-quarter comparison highlights a clear shift in momentum. While the previous reading reflected a contraction in export volumes between the third and fourth quarters of 2025, the current figure indicates that export activity has regained ground at the start of 2026. This rebound suggests that the softness seen at the end of last year has at least partially reversed, improving the short-term outlook for New Zealand’s trade performance.

The data underscore a more positive start to 2026 for New Zealand exporters, as the improvement in export volumes helps to support overall trade conditions following the late-2025 setback.