Australia overtook the US as New Zealand’s second-biggest export market last month as trade flows are buffeted by White House tariff policies and heightened economic uncertainty.
Exports to Australia reached a record NZ$9.58 billion ($5.5 billion) in the 12 months through September, Statistics New Zealand said Tuesday in Wellington. By comparison, annual sales to the US were NZ$9.48 billion — trailing Australia for the first time since April last year.