In May 2024, New Zealand's exports reached a record $7.2bn, driven by a 31% increase in beef exports to the US.

New Zealand's total exports reached a record $7.2bn in May 2024, the first time monthly exports reached $7bn. The increase was driven by a $255m rise in exports to the US ($1bn), primarily due to a 31% increase in beef exports. Beef exports to China, the main market for beef, fell by 45%. New Zealand's imports also reached a record high of $6.95bn, a significant increase from $6.32bn in April.