There's a belief New Zealand's entering the early stages of an export-led recovery.
Stats NZ data reveals it's at $1.4 billion in April, compared with a $12 million deficit last year.
The dairy sector's been the big winner, up $601 million to $2.2 billion.
Former Finance Minister Steven Joyce told Mike Hosking it's promising on the back of a tough three years in the sector.
He says domestically people aren't spending a lot, so imports aren't coming in, but fortunately the world is buying more from us which is a great point in the cycle.
LISTEN ABOVE

Mike's Minute: Is there a legal case to be heard on the vaccine advice?
01:58

Jo McKenna: Italy Correspondent on Giorgia Meloni's criticism of the US-Israeli attacks on Iran
05:49

Tom Walsh: Kiwi Shot-putter on the summer circuit, upcoming international events
11:04