New Zealand’s goods trade balance swung back into deficit in July, posting a shortfall of NZ$578 million after a revised NZ$142 million surplus in June. Exports edged up to NZ$6.71 billion while imports jumped to NZ$7.28 billion, driven by higher purchases of consumption and capital goods. The rolling 12-month deficit narrowed to NZ$3.94 billion from NZ$4.37 billion but remains a drag on the economy as soft commodity prices curb export revenue. In Switzerland, the monthly trade surplus shrank to CHF4.59 billion from CHF5.79 billion as real exports fell 2.7 percent in July, reversing a 6.1 percent gain the previous month. Imports slipped 0.3 percent. Within the export basket, shipments of Swiss watches rebounded 6.9 percent year-on-year after a steep June decline, and gold exports held steady with a notable increase in deliveries to the United States. Swiss customs data show overall exports to the U.S. inched higher ahead of Washington’s recently imposed 39 percent tariff on Swiss goods, underscoring potential headwinds for the country’s trade outlook.