India-New Zealand free trade deal could allow New Zealand to absorb 12% or nearly $7.3 billion worth of India's gulf exports if the disruption at the Strait of Hormuz continues, Moneycontrol reported. New Zealand could absorb $603.1 million-worth of exports in turbo-jets, $390.8 million in communication apparatus and $384 million in food preparations. Medical exports may also see a jump.